Pension
 
 

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Benefits/Pension

Under EOB Scheme, Insured Persons are entitled to avail benefit like, Old-Age Pension (on the event of retirement), Invalidity Pension (In case of permanent disability), Old-Age Grant (an Insured Person attained superannuation age, but does not posses the minimum threshold for pension) Survivor's Pension (in case an Insured Person is expired)


Kind of Benefits/Pension:

  • Old-Age Pension

  • Survivor's Pension

  • Invalidity Pension

  • Old-Age Grants

Pension Formula:

          (Avg. monthly wages x No. of yrs of Insurable Employment)
                                                                     50

Pension Rates:

  • Minimum          RS. 5,250/=

  • Maximum         As Per Formula

     

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