Social security

What is it ?

social security is defined as “security that society furnishes through appropriate organization,against certain risks to which its members are exposed”

Risks covered Sickness Invalidity Maternity Old age Death

HISTORY 1889 – GERMANY First nation to adopt old

age social Insurance programme 1935 – Social security act of USA INDIA

Arthasasthra, Upanishads, Manusmriti,Rigveda.

Joint family, neighbours etc….

HISTORY

1889 – GERMANY First nation to adopt old age social Insurance

programme 1935 – Social security act of USA INDIA Arthasasthra, Upanishads, Manusmriti,Rigveda. Joint family, neighbours etc….

TWO PLANKS OF TWO PLANKS OF SOCIALSOCIAL SECURITYSECURITY

SOCIAL SECURITYSOCIAL SECURITY

SOCIAL ASSISTANCE SOCIAL SOCIAL ASSISTANCE SOCIAL INSURANCEINSURANCE

SOCIAL ASSISTACESOCIAL ASSISTACE

Voluntary assistance provided by Voluntary assistance provided by society or government to the poor & society or government to the poor & needy.needy.

Paid out of public revenue Paid out of public revenue Beneficiaries need not contribute to Beneficiaries need not contribute to

the fund the fund Benefits are not in proportion to the Benefits are not in proportion to the

lossloss

SOCIAL INSURANCE SOCIAL INSURANCE MEASURESMEASURES

.Community pooling of of resources.Community pooling of of resources.Insurance fund-Tripartite contribution.Insurance fund-Tripartite contribution

1.1. EmployeeEmployee2.2. EmployerEmployer3.3. State…..State…..

. Benefits is a matter of right. Benefits is a matter of right

. Benefits not in proportion to . Benefits not in proportion to contrubution by the workers contrubution by the workers

SOCIAL SECURITY FOR INDUSTRIAL

WORKERS

Workmen’s Compensation Act, 1923 Central Maternity Benefit Act, 1961 Employees State Insurance Act, 1948 The Family Pension Scheme, 1971

SOCIAL SECURITY FOR CIVIL SERVANTS.Central And State Government Employees PENSION GRATUITY PROVIDENT FUND FAMILY PENSION SCHEMES

. Central Government Health Scheme

SOCIAL SECURITY FOR

GENERAL PUBLIC

LIFE INSURANCE SCHEMES PUBLIC PROVIDENT FUND SCHEME

SOCIAL SECURITY SCHEMES IN KERALA

No: SCHEME ELIGIBILITY CRITERIA

AMOUNT

1 Widow pension scheme

Husband dead.

Income < 300/ month

Rs 110/ month

2 Physically or mentally disabled

40% disability Income <500/month

Rs 150/month

SOCIAL SECURITY SCHEMES IN KERALA

3

National old age pension scheme

Age > 65 yrs

Annual income < Rs11,000

Rs 200/ month

4 Leprosy & cancer patients

Certificate from hospital Income < 200/ month

Rs 200/ month

5 Unemployment pension

Live unemployment register for >3yrs

Rs 100/month

6 Financial assistance to widows for the marriage of their daughter

Family income <

Rs 11,000

Rs 5000/-

HEALTH INSURANCE SCHEME HEALTH INSURANCE SCHEME FOR BPL FAMILIESFOR BPL FAMILIES

• Arogyasree

• Medical expenses coverage

• Personal accident coverage

• Maternity care

• All pre-existing disease including mental disease coverage

• Subsistence allowance if earning member is hospitalized

CONCLUSIONCONCLUSION WHAT IS IT?WHAT IS IT? RISK COVEREDRISK COVERED HISTORYHISTORY TWO PLANKS OF SOCIAL SECURITYTWO PLANKS OF SOCIAL SECURITY SOCIAL ASSISTANCESOCIAL ASSISTANCE SOCIAL INSURANCESOCIAL INSURANCE SOCIAL SECURITY FOR INDUSTRIAL WORKERSSOCIAL SECURITY FOR INDUSTRIAL WORKERS SOCIAL SECURITY FOR CIVIL SERVANTSSOCIAL SECURITY FOR CIVIL SERVANTS SOCIAL SECURITY FOR GENERAL PUBLICSOCIAL SECURITY FOR GENERAL PUBLIC SOCIAL SERVICE SCHEMES IN KERALASOCIAL SERVICE SCHEMES IN KERALA HEALTH INSURANCE SCHEMES FOR BPL HEALTH INSURANCE SCHEMES FOR BPL

FAMILIESFAMILIES