Death Relief Paid to Members

Death relief paid is a financial benefit provided to the family or dependents of an employee upon their demise. This payment can offer much-needed support during a difficult time.

• One-time Payment: Typically, a lump sum amount is paid.
• Tax Implications: Death relief paid may have specific tax implications.
• Eligibility Criteria: The eligibility for this benefit often depends on factors such as the employee's length of service, cause of death, and company policies.
• Financial Assistance: To help cover funeral expenses, debts, and living costs.
• Emotional Support: To provide some relief during a difficult time.