What is the propoion of daily rate wages payable as periodic cash pay ment under sickness Benefit of ESI Act –
**Core Concept**
The Employees' State Insurance (ESI) Act provides financial assistance to insured persons in case of sickness, maternity, disability, and death. The act specifies a daily cash payment for insured persons who are temporarily absent from work due to sickness, known as sickness benefit.
**Why the Correct Answer is Right**
Under the ESI Act, insured persons who are absent from work due to sickness for more than three consecutive days are eligible for sickness benefit. The daily rate of wages payable as periodic cash payment is 70% of the wages payable to the insured person. This benefit is payable for a maximum period of two consecutive years. The amount of sickness benefit is calculated based on the wages payable to the insured person, and the daily rate is a percentage of these wages.
**Why Each Wrong Option is Incorrect**
**Option A:** This option is incorrect because the daily rate of wages payable as periodic cash payment is not 50% of the wages payable to the insured person.
**Option B:** This option is incorrect because the daily rate of wages payable as periodic cash payment is not 80% of the wages payable to the insured person.
**Option C:** This option is incorrect because the daily rate of wages payable as periodic cash payment is not 90% of the wages payable to the insured person.
**Clinical Pearl / High-Yield Fact**
It is essential for medical practitioners to be aware of the ESI Act provisions, as they play a crucial role in providing financial assistance to insured persons who are absent from work due to sickness.
**Correct Answer:** C. 70%