Pramesh S Jain & Yogesh K Porwar
Karnataka State Road Transport Corporation (KSRTC) becomes the first in the history of State Transport Undertakings in India to increase the relief amount for its Employees’ Family Welfare Scheme from Rs.3.00 Lakhs to Rs.10.00 Lakhs
This enhanced scheme is apart from Rs.1 crore accident relief compensation for employees who lose their lives while on or off duty.So far,seven cases have received this compensation.
Apart from accidents,there have been unfortunate incidents of employee deaths due to illnesses such as cancer, stroke, heart attack, kidney failure, etc.
Resulting in over 100 employee deaths every year.To support the families facing financial difficulties due to the loss of the breadwinning member,KSRTC has decided to increase the relief amount from Rs.3.00 Lakhs to Rs.10.00 Lakhs.
This change would provide an additional compensation of Rs.7.00 Lakhs to the dependents of the deceased employees.
Life of an employee is precious and invaluable. KSRTC intention is to provide financial stability to the families of employees in the event of their untimely demise.
Employees are currently contributing Rs.100 per month will now contribute Rs.200,while the corporation will increase its contribution from Rs.50 to Rs.100 on behalf of each employee.
This revised scheme will be effective from November 1, 2023,and will apply to incidents of employee death occurring thereafter.
