The Employee's Compensation (EC) Act, formerly known as the Workmen's Compensation Act, provides compensation for employees' work-related injuries. It, along with other Acts like Employee State Insurance Act, Fatal Accident Act, and Common Law, ensures coverage for employees in India.
The new Employee Compensation Act has brought in major amendments for all the compensations under this Act:
This insurance is designed for employers who hire workmen, as it covers their liability for accidental death, bodily injury, or occupational diseases as per the Workmen's Compensation Act, 1923
This insurance does not cover any interest and/or penalty that may be imposed on all insureds or an insured on account of failure to comply with the requirements of the said Workmen's Compensation Act, 1923, as amended
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