Dear Mr Upendra,
As suggested by learned members, if it is a natural death than the no compensation arises agst Employees' Compensation Acts. You need to inform the death to the Local ESI Office (in prescribed form) and the dependent family can get Funeral Exp. amount form the ESI.
In addition to the above while making the full and final, pls note the below:-
Compulsory Payment (to be paid by the organization):-
1 His total unpaid salary
2 Amount of unpaid Bonus
3 Amount of unpaid Earned Leave
4 Amount of Gratuity (to be calculated till the age of his retirement. However, if you have taken LIC agst the Gratuity nomination, than the gratuity will be paid by the LIC).
Optional Payment (to be paid by the organization).
1 If the Children are little in age, the company can make some FD in name of the children (in case of girl child the amount can be increased).
2 Staff Voluntary Contribution for the family.
3 Employment (direct or through contractor). If the member’s wife is capable of doing any type of job, she may be given employment.
We have done all above optional benefits for our employee.
Statutory Compensation:-
1 Payment from ESI agst Funeral Exp.
2 Payment to the NOK agst Life Insurance (Through EDLI scheme of PF)
3 PF Contribution of the member to be given to the NOK.
4 Pension for the Wife and eligible Children (Family).
Pls note in r/o the Statutory Compensation, there are fixed process which need to be comply properly. So pls be careful while processing the claims. In order to get the benefits (claims) well in time, you can seek some consultant’s services.
Hope you will find my clarification as per requirement. Experienced members can put more light on the matter.