Social security laws protect employees against life risks like sickness, injury, maternity, old age and death by providing income security and medical/welfare benefits (concept). In India, common social security measures include EPF, ESI, gratuity and maternity benefits.
Exams usually test:
You should be able to:
Social security refers to measures that provide protection to workers and their families against economic and social distress caused by reduction/cessation of earnings due to risks like sickness, maternity, employment injury, old age, etc. (concept).
Write any 6–8 objectives:
Employees’ Provident Fund (EPF) is a social security scheme that creates a retirement savings fund through regular contributions by employee and employer (concept).
Access the complete note and unlock all topic-wise content
It's free and takes just 5 seconds
Get instant access to notes, practice questions, and more benefits with our mobile app.
Download this note as PDF at no cost
If any AD appears on download click please wait for 30sec till it gets completed and then close it, you will be redirected to pdf/ppt notes page.
Social security laws protect employees against life risks like sickness, injury, maternity, old age and death by providing income security and medical/welfare benefits (concept). In India, common social security measures include EPF, ESI, gratuity and maternity benefits.
Exams usually test:
You should be able to:
Social security refers to measures that provide protection to workers and their families against economic and social distress caused by reduction/cessation of earnings due to risks like sickness, maternity, employment injury, old age, etc. (concept).
Write any 6–8 objectives:
Employees’ Provident Fund (EPF) is a social security scheme that creates a retirement savings fund through regular contributions by employee and employer (concept).
Purpose (concept):
Employees’ State Insurance (ESI) provides health insurance and cash benefits for employees in case of sickness, maternity and employment injury (concept).
Coverage generally depends on establishment type and wage threshold as notified (concept).
Gratuity is a lump-sum benefit paid by the employer as a mark of recognition for long service (concept). It is generally payable on:
Maternity benefits provide paid leave and related benefits to women employees during pregnancy/childbirth to protect health of mother and child and ensure income security (concept).
Coverage check (establishment + employee eligibility) → registration under applicable scheme → deduct/contribute and deposit on time → maintain records/returns → support claim/benefit processes → periodic audits/inspections readiness (concept)
From this topic
Any three objectives (concept):
Any three points are sufficient.
EPF vs ESI (concept):
Thus, EPF is retirement savings; ESI is health/social insurance (concept).
Social security protects workers against income loss due to sickness, injury, maternity, old age and death (concept).
By combining savings, insurance and terminal benefits, social security improves welfare and stability of employment (concept).