Workmen Compensation Or Mediclaim

To have a mediclaim and personal accident for the exemped employees is good but only be considered as a welfare measure offered by the employer and this will not however protects the employer from the legal laibility under WC act.In other words you cannot escape from liability under WC if the injured seeks compensation.

Dear Sirs,
Let us see what the law speaks about WC applicability. I feel that salary is not the criteria for considering WC coverage.
It is the type of industry and the type of work the person does, which enables him or disables him from being eligible for compensation.
The definition of "workmen", is described in Schedule II of the WC Act where the categories of work eligible for WC is listed out.

In reality, it is very difficult for anybody to talk the law when one is to show concern & sympathy.

Hence instead of differentiating amongst employees & seeking exemption, it is better to have a coverage, taking into view the larger interest of the company and to ensure peaceful running of business. Taking a policy reduces your risk as you stand indemnified from claims.
Injury need not always be fatal. It could be temporary, partial or permanent. So cost of treatment would exist, which could be set off by way of a medical insurance policy.
These are welfare measures which are "beneficial" costs to company as they save for the company in the long run.
Think it over.
regards

dear sridar
having 20 or more employees will require esi code and start doing contribution from both emp and employer side
with regards

I thnx u all 4 giving ur prompt responses & participation. U all r briliant that is why i feel proud 2 b a member of this site.
Hope 4 an another interesting thread............

[Dear Sreedar,
As per my knowledge any organisation who has a employees of 20 or above , PF becomes mandatory. hence in case if they are below than 20 pf not applicable.
Reg
Jyothi
QUOTE=Sreedar srinivasan;1066702]Hi, Could you please tell me is there any limit for Esi members to be counted like pf say for example, if members are below 20, there is no pf to be deducted mandatorily.
Regards,
Sreedar.S[/QUOTE]

In a Manufacturing industry for fire safety, There are different policies that we have taken say a workmen comp policy, group personal accident policy, mediclaim etc... Since the purpose is to cover the employee from any unforseen situations. I personally feel that all the benefits are overlapping for an employee where the organisation will spend more. Please guide me thru this.
Reg
Jyothi

Mr Tiwari,
As per my knowledge it makes sense to go for a workmen compensation policy.
reg
Jyothi