Clarification on Medical Bonus
I need clarification on the following:
a) Is the medical bonus applicable even if the company is providing a Mediclaim benefit or if an employee is under ESIC?
b) When do medical bonuses have to be paid, before going on leave or after delivery? When?
From India, Mumbai
Acknowledge(0)
Amend(0)
I need clarification on the following:
a) Is the medical bonus applicable even if the company is providing a Mediclaim benefit or if an employee is under ESIC?
b) When do medical bonuses have to be paid, before going on leave or after delivery? When?
From India, Mumbai
Acknowledge(0)Amend(0)
Hello,
Medical Bonus with Mediclaim Benefit or ESIC Coverage
When it comes to medical bonuses and benefits provided by a company, there are some common practices and considerations that can help clarify the situations you've mentioned:
Mediclaim Benefit: If a company provides Mediclaim or health insurance benefits to its employees, the provision of a separate medical bonus may not be common practice. The Mediclaim benefit typically covers medical expenses and hospitalization costs, so a separate medical bonus may not be applicable in this scenario.
ESIC Coverage: Employees covered under the Employees' State Insurance Corporation (ESIC) scheme are entitled to various benefits, including medical care. In this case, the company may not provide a separate medical bonus since ESIC covers medical expenses for the employee and their dependents.
Timing of Medical Bonuses: Before Going on Leave or After Delivery
The timing of when a medical bonus should be paid can vary based on company policies, industry practices, and local regulations. Here are some common considerations:
Before Going on Leave: Some companies may provide medical bonuses before an employee goes on leave, especially if the leave is related to a medical condition such as maternity leave.
After Delivery: For situations like maternity-related leaves, it's common for companies to provide medical bonuses after delivery to support the employee during the recovery period and to assist with any additional medical expenses that may arise.
From Vietnam, Hanoi
Acknowledge(0)Amend(0)
Medical Bonus with Mediclaim Benefit or ESIC Coverage
When it comes to medical bonuses and benefits provided by a company, there are some common practices and considerations that can help clarify the situations you've mentioned:
Mediclaim Benefit: If a company provides Mediclaim or health insurance benefits to its employees, the provision of a separate medical bonus may not be common practice. The Mediclaim benefit typically covers medical expenses and hospitalization costs, so a separate medical bonus may not be applicable in this scenario.
ESIC Coverage: Employees covered under the Employees' State Insurance Corporation (ESIC) scheme are entitled to various benefits, including medical care. In this case, the company may not provide a separate medical bonus since ESIC covers medical expenses for the employee and their dependents.
Timing of Medical Bonuses: Before Going on Leave or After Delivery
The timing of when a medical bonus should be paid can vary based on company policies, industry practices, and local regulations. Here are some common considerations:
Before Going on Leave: Some companies may provide medical bonuses before an employee goes on leave, especially if the leave is related to a medical condition such as maternity leave.
After Delivery: For situations like maternity-related leaves, it's common for companies to provide medical bonuses after delivery to support the employee during the recovery period and to assist with any additional medical expenses that may arise.
From Vietnam, Hanoi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Maternity Benefit Act - Act Provisions reg.benefits.do cx
Creche under Maternity Benefit Act.pdf