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Free Life
Insurance Scheme |
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All
active members are
covered under this
scheme throughout 24
hours. In
case of death of a
member, legal heirs of
the deceased member
are
eligible to claim
contributions lying to
the credit of the
diseased
member’s
individual account
together with interest
and dividend. In
addition, insurance
benefits will be paid
to legal heirs of the
deceased member based
on information
provided in Forms VIII,
and CLA/04. A
separate application
is not necessary for
insurance
benefits. |
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The
limit of
insurance
benefits is
fifteen
times the
average of
the salary
the member
was drawing
during the
six months
preceding
the month in
which the
death
occurred,
subject to a
maximum of
Rs.100,000/-.
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The death
claim
application
should be
forwarded to
the Board
not later
than one
year from
the date of
death.
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Beneficiaries
will be the
legal heirs
of the
deceased
member.
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Contributions
should have
been paid
regularly
during the
12-month
period prior
to death.
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In case there
is a
Testamentary
Case, fund
balance and
insurance
benefits will
be sent to the
Court hearing
the case.
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In case of
death due to
following
terminal
illnesses, the
requirement
of the minimum
12-month
period of
active
membership
would not
apply and
at least two
months'
contribution
would be
sufficient to
be eligible
for benefits:
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Accident
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Cancer
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Tuberculosis
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Chronic
renal disease
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Chronic
liver failure
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Septicemia
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Required
documents
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Form VIII
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Part I and II to be completed by the claimant and Parts III to be completed by the employer.
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Form
CLA/04 -
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Details of the
applicant and
deceased
certified by
Grama
Niladhari and
Divisional
Secretary.
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Form VIII (A) - To be completed by other applicants.
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Form VIII (B) - The employer should give details of contributions remitted on behalf of the member in this form. A separate form [Form VI(B)] is required for each Employer if the member had worked for more than one Employer.
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Form VIII(C) – To be completed by the Employer for the employees who were absorbed into the pension scheme of the local government service.
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Form VIII (D) - To be completed by Grama Niladhari and Divisional Secretary for the close intuitions.
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Permanent
Disability Insurance
Scheme |
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This
scheme provides
benefits to active
members in case of
total disability
resulting in loss of
employment, subject to
a ceiling of Rs.
200,000/-
(effective from 1
December 2009)
depending on the
degree of
disablement. Members
are covered throughout
24 hours in respect of
accidents, certain
industrial diseases
numbering 30,
paralysis, cancer
and diabetes. |
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The
under-mentioned losses
are included: |
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Permanent loss of
sight of both eyes.
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Complete loss
of both arms
or both legs.
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Complete loss of one
arm and one leg.
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Complete loss of one
arm and one leg with
loss of sight in one
eye.
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Complete loss of one
arm or one leg.
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NOTE:
A medical report
confirming permanent
disability should be
submitted on Form VII.
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Affected member will
qualify for benefits
only if the disability
is found to be more
than 50%, on
examination by the
Physician. |
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The
employer should
certify that the
employment has ceased
due to the
accident/disease. |
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Application
has to be forwarded
within one year
from the date of
discharge from
hospital or from the
date of termination
of employment,
whichever date
is later.
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Amount
of benefits is
twenty-four times
the average of the
salary the member
was drawing during
the six months prior
to the month in
which the death
occurred
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Financial
Assistance for Heart
Surgery
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Members
who have to undergo
certain heart
surgeries classified
by the Board
(see below) are
eligible to seek
financial assistance
up to Rs.
300,000/-. Surgery may
be done locally or
overseas. |
| 1. |
Coronary Heart
Disease (By-pass
Surgery)
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| 2. |
Congenital Heart
Disease (Heart Valve
Disease)
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| 3. |
Heart Valve
Replacement |
| 4. |
Heart Pacemaker
Implant
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| 5. |
Angioplasty and
Stenting
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| 6. |
Radio-Frequency (RF)
Ablations [a method
of treatment similar
to angioplasty]
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Implantable
Cardiovertor
Defibrillator (ICD)
[a method of
treatment similar to
pacemaker implant]
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The
surgery could be done
at any Government or
Privet Hospital in Sri
Lanka or overseas.
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The
member who would
undergo the surgery
should produce a
letter from the
cardiologist
indicating the type of
surgery and the
estimated cost
quoted by hospital.
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All
sources of financial
assistance obtained
and amounts should be
declared
by the member [e.g.
Employer, President's
Fund, Insurance
Companies and
other
Institutions/Charities].
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The
employer should
certify that the
employment has ceased
due to the
accident/disease. |
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In
case the
surgery is
performed
overseas,
a letter
issued by
the
Cardiologist
in Sri
Lanka
referring
the
patient to
the
overseas
hospital
and the
bills from
the
overseas
hospital
indicating
the total
cost
should be
produced
along with
the
application.
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The
Board
issues a
letter of
guarantee
to the
Hospital
where the
member is
going to
get the
surgery
done,
undertaking
to pay the
amount
specified
in the
guarantee
letter
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Required
documents |
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Letter issued by the
Cardiologist stating
that surgery is
necessary and
details of the ailmen
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Letter issued by the
hospital stating the
estimated cost of the
surgery |
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A copy of the
angiogram report of
the member (patient)
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Documents in support
of financial
assistance provided by
the
President's Fund,
Insurance companies,
the Employer and any
other
sources. |
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Original copies of the
final bill and receipt
issued by the
hospital. |
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Copies of National
Identity Card of the
member, Diagnosis Card
and the
Bank Pass book (pages
where details of the
account holder, bank,
branch, etc. appears),
certified by the
Employer. |
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If the surgery is done
in an overseas
hospital, the letter
referring
the member to the
overseas hospital,
issued by the
cardiologist in Sri
Lanka. |
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Re-imbursement of Cost
of Intra-ocular Lens
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The
scheme enables members
to claim reimbursement
of cost of
intra-ocular
lens implanted
following cataract
surgery, subject to a
maximum of Rs.
15,000/- per each eye
(effective from
October 01, 2016).
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The
surgery may be done at
any Government or
Private hospital. Only
the
cost of the lenses
will be reimbursed
subject to a maximum
of Rs. 15,000 per each
eye |
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Application has to be
forwarded within 90
days from the date of
discharge from
hospital. |
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The original receipt of purchasing the intra-ocular lens should be submitted. Along with the copy of the diagnosis card issued by the hospital, it should certified by the employer |
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Year Five Scholarship
Assistance Scheme
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Children
of active members of
the Fund (either of
the parents) who pass
the Year
Five Scholarship
Examination with merit
are eligible for this
benefit.
Financial rewards of
Rs. 15,000/- are
provided to 9,000
children of ETF
members annually,
taking into
consideration the
marks obtained at the
Year Five Scholarship
Examination. |
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Press
notice will be
published calling
applications once the
examination results
are released. |
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Applications
received after the
closing date will
not be accepted.
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The
awarded money is kept
in a “Sisu
Udana” Savings
Account at
People’s
Bank in the name of
the child. This
deposit could be
withdrawn when the
child reaches the age
of 18 years.
However, the parents
or
guardian of the child
can withdraw the money
for specific reasons.
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"Shramasuwa
Rekawarana"
Hospitalization
Medical Scheme |
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This
is a benefit scheme
for members to get
hospitalization
expenses reimbursed.
Members are eligible
to claim costs of
hospitalized treatment
subject
to Rs. 50,000/=, subject to
conditions applicable
to the scheme. |
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To
be eligible, members
should have been
contributing to the
Fund for at
least five years. This
five-year period
should have been
completed by
the time the member
admits to a hospital
for treatment. The
maximum
benefit is Rs.50,000/=
per each
member during the
period of employment.
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A member should be hospitalized for a minimum period for 2 days including the date of admission and the date of discharge. |
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Treatment
may be obtained from
all Government
Hospitals, Government
Ayruedic
Hospitals and approved
Private Hospitals
registered with the
Board. |
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The
application should be
submitted within 90
days from the date of
discharge from
hospital. |
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Rs. 1,000.00 up to a limit of 10 days for hospitalized treatments in a Government Hospital for all cases.
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Required
documents |
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All
original bills and
receipts issued by the
hospital. |
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A
photocopy of the
diagnosis card issued
by either the
Government or Private
hospital, certified by
the Employer. |
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A copy of the National
Identity Card and
passbook (pages where
details
of account-holder,
bank, branch etc.
appears), certified by
the
Employer. |
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If the member is
entitled to
reimbursement of
hospitalization costs
from the Employer,
Insurance Companies or
other institutions, a
letter
indicating the amount
that will be
reimbursed should be
submitted. |
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Special
Conditions: |
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Following
illnesses/diseases are
not considered for
reimbursement: |
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Treatment for a
condition resulting in
attempted suicide |
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Conditions requiring
treatment as a result
of alcohol and drug
use |
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Sexually transmitted
diseases and AIDS |
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Mental diseases |
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'Viyana' Housing Loan
Scheme |
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Through
this scheme members
can obtain housing
loans at concessionary
rates of
interest from NDB
Bank. Employees'
Trust Fund Board and
NDB Bank have
laid down specific
conditions in respect
of this scheme. |
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Basic requirement for
this benefit is
maintaining a minimum
of 5 years continuous
membership of the
Fund. |
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Minimum amount of the
loan is Rs. 100,000/=
and the maximum limit
is Rs. 2,500,000/=.
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NDB Bank is situated
at 40, Nawam Mawatha,Colombo 02. Loans are
disbursed
to the active members
of the ETF for
purchase of houses,
construction
of houses, extensions,
renovations and for
redeeming loans
obtained
from other lending
institutions. |
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NDB
Bank and Employees'
Trust Fund Board have
the right to revise
the conditions
applicable to the
scheme. |
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Loans can be
obtained for
– |
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Purchasing a house
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Renovation of a house
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Extensions to a house
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Purchase of a land
with a house |
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Rates of
interest
– |
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From
Rs 100,000.00 to Rs
250,000.00 -
10.00% |
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From
Rs 250,001.00 to Rs
750,000.00 -
11.00% |
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From
Rs 750,001.00 to Rs
2,500,000.00 -
12.00% |
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[The
above rates are
subject to change]
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Loan limits:
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Balance
in the member
account
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Amount
of loan that can be
obtained |
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Rs
25,000.00 –
49,999.00 |
Rs
250,000.00 |
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Rs
50,000.00 –
74,999.00 |
Rs
250,001.00
– 750,000.00
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Rs
75,000.00 or higher
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Rs
750,001.00
– 2,500,000.00
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Special
Conditions: |
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At the time the loan
is applied the member
should be a
contributing
member and should have
completed five years
as an active member.
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Withdrawal of
contributions lying to
the individual
member's account will
not be permitted until
the loan is settled in
full. |
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Issuing and acceptance
of applications for
loans will be through
NDB Head Office or
Branches. |
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Kidney Transplant
Surgery Asssistance
Scheme |
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This
benefit package which
commenced in July 2006
provides financial
assistance up to a
maximum of Rs.
300,000/- for kidney
transplants.
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Financial assistance
will be provided only
for Kidney Transplants.
Surgeries or treatment
for any other kidney
ailment are not covered
under this scheme. |
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Only the recipient of the
kidney is entitled to benefits
and the donor,
even if an active ETF member,
will not be eligible to claim
any
benefits under this scheme.
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The
transplant can be done either
in any of the hospital where
the kidney transplants are
performed in Sri Lanka or
overseas. |
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The member who has to undergo
kidney transplant should
produce a letter
from the hospital indicating
the type of the surgery and
the cost. |
|
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The applications issued by the
Board should be duly completed
and
submitted to the Board before
the surgery or within 90 days
after the
surgery. |
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In case where the transplant
is performed overseas a letter
issued by
the surgeon/physician in Sri
Lanka referring the patient to
the
overseas hospital and all
bills from the overseas
hospital indicating
the total cost should be
produced to the Board along
with the relevant
application. |
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Financial
assistance to meet expenses of
kidney transplant surgeries,
up to Rs.
300,000/- is granted under
this scheme. The recipient of
the kidney is
eligible for benefits and the
donor does not qualify to
receive any
payment whatsoever even if the
donor is an active ETF member.
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Year
Five Scholarships for Children
of ETF members who had to
terminate employment due to
permanent disability |
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In
addition to the present 9000
scholarships, Year Five
Scholarships are
awarded to children of ETF
members who had to terminate
their
employment due to permanent
disability. This will be
considered if such
members’ children pass
the Year Five Scholarship
Examination within
five years from the year in
which the member became
permanently
disabled. |
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Educational Grant for children
of ETF members who passed GCE
(A/L) Examination |
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An
educational grant to the value
of Rs. 12,000/- each will be
provided
annually to 5,000 children of
active members of the Fund who
passed GCE
(A/L) examination. This is for
their higher education
purposes, and
became effective from 2010.
Children will be selected
based on the high
marks obtained at the
examination in each stream,
district-wise. |
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Applications
will be invited by press
advertisement following the
release of
official GCE (A/L) results by
the Department of
Examinations. |
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General
Requirements |
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All
active members of the Fund are
eligible to avail of the
benefit
schemes. An “active
member” is one that is
currently employed and on
whose behalf contributions are
being remitted to the Board.
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