Please find attached notification in respect of the Employees' Compensation Act of 1923. However, with the notification coming into effect, may I please know about the highest compensation amount in the case of death or disabilities, etc.
From India, Vadodara
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382From India, Vadodara
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Compensation for Death or Total Permanent Disability
The compensation for death or total permanent disability not only depends upon wages but also the age of the employee. The compensation for death while on duty is 50% of wages (the wages are subject to a maximum of Rs 15,000) multiplied by the age factor in the table annexed to the Act, subject to a minimum of Rs 120,000. In the case of permanent total disablement, it is 60% of the wages multiplied by the age factor, subject to a minimum of Rs 140,000.
For an employee aged less than 16, the age factor is 228.54, and for an employee aged more than 65 years, it is 99.37. This means the higher the age, the lesser the compensation. For example, an employee aged 16 years, whose wages are Rs 15,000 or more, will receive compensation of Rs 1,714,050 for death and Rs 2,056,860 for total disablement. The same for an employee of 65 years of age would be Rs 745,275 and Rs 894,330, respectively.
Calculation Example
The calculation is as follows:
- 50% of wages, 7,500 X 228.54 = 1,714,050
- 60% of wages, 9,000 X 228.54 = 2,056,860
- 50% of wages, 7,500 X 99.37 = 745,275
- 60% of wages, 9,000 X 99.37 = 894,330
The table containing the age factor is attached. When the wages decrease, the compensation will also decrease.
From India, Kannur
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The compensation for death or total permanent disability not only depends upon wages but also the age of the employee. The compensation for death while on duty is 50% of wages (the wages are subject to a maximum of Rs 15,000) multiplied by the age factor in the table annexed to the Act, subject to a minimum of Rs 120,000. In the case of permanent total disablement, it is 60% of the wages multiplied by the age factor, subject to a minimum of Rs 140,000.
For an employee aged less than 16, the age factor is 228.54, and for an employee aged more than 65 years, it is 99.37. This means the higher the age, the lesser the compensation. For example, an employee aged 16 years, whose wages are Rs 15,000 or more, will receive compensation of Rs 1,714,050 for death and Rs 2,056,860 for total disablement. The same for an employee of 65 years of age would be Rs 745,275 and Rs 894,330, respectively.
Calculation Example
The calculation is as follows:
- 50% of wages, 7,500 X 228.54 = 1,714,050
- 60% of wages, 9,000 X 228.54 = 2,056,860
- 50% of wages, 7,500 X 99.37 = 745,275
- 60% of wages, 9,000 X 99.37 = 894,330
The table containing the age factor is attached. When the wages decrease, the compensation will also decrease.
From India, Kannur
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can any one advise me that a accident happen one year back and we could not claim it.how we can claim now under wc policy.As the policy has been taken in september 23 upadhyay HR.
From India, Pune
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From India, Pune
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Understanding Compensation and Insurance Policies
Payment of compensation has nothing to do with policy. An insurance policy is taken to address incidents, accidents, or death during the course of employment. It helps you pay without depleting working capital. The law aims to ensure that employees receive compensation without the employer denying it due to a lack of funds.
Claiming Compensation Under the Workmen's Compensation Act
As per the Workmen's Compensation Act, an employee can claim compensation by submitting the reason for the delay. If the appropriate authority is convinced, they will accept the request for compensation and order the payment.
From India, Kannur
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Payment of compensation has nothing to do with policy. An insurance policy is taken to address incidents, accidents, or death during the course of employment. It helps you pay without depleting working capital. The law aims to ensure that employees receive compensation without the employer denying it due to a lack of funds.
Claiming Compensation Under the Workmen's Compensation Act
As per the Workmen's Compensation Act, an employee can claim compensation by submitting the reason for the delay. If the appropriate authority is convinced, they will accept the request for compensation and order the payment.
From India, Kannur
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Workers parents can get claim under Employees Compensation Act - Madras HC.pdf
Employees' Compensation Act 1923.doc