Chapter 20

SOCIAL SECURITY Chapter EXCEL BOOKS 20-1 20

ANNOTATED OUTLINE 20-2 INTRODUCTION The basic purpose of social security is to protect people of small means from risks (such as accidents, illness, invalidity, disease, old age etc) which impair a person’s ability to support himself and his family. Social Security

20-3 Objectives of social security ,[object Object],[object Object],[object Object],[object Object],Social Security ,[object Object],[object Object],[object Object]

20-4 Social security benefits extended to workers in India may be put under the following heads Social Security Social Security in India Social security benefits in India ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

20-5 The Workmen’s Compensation Act, 1923 Welfare facilities could be classified into two categories; Intramural (provided within the establishment) and Extramural (undertaken outside the establishment ). Intramural and Extramural welfare measures: ILO Social Security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

20-6 ,[object Object],[object Object],[object Object],[object Object],[object Object],Social Security The Employee’s State Insurance Act, 1948

20-7 Social Security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The Employee’s State Insurance Act, 1948

20-8 ,[object Object],[object Object],[object Object],The Maternity Benefits Act, 1961 Social Security

20-9 Social Security The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952 The EPF and Miscellaneous Provisions Act offers retirement benefits to workers in the form of provident fund, pension and deposit linked insurance. Group Insurance Group life insurance scheme provides insurance cover to several employees working under one employer, as long as they remain in service of that employer.

20-10 Social Security An Overview of Social Security Measures In India Social security measures have not been able to live up to the expectations of workers in India on account of several reasons. why social security measures have failed to live up to the promise? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Chapter 20

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Chapter 20