ICAI Announcement on Financial Assistance for Treatment of CORONA Disease from CABF

ICAI Announcement on Financial Assistance for Treatment of CORONA Disease from CABF

The Institute of Chartered Accountants of India

M&C-MSS Directorate 29th April, 2021

Important Announcement COVID-19 (CABF)

On account of recent surge in COVID cases, the Managing Committee of the Chartered Accountants’ Benevolent Fund (CABF) has decided to relax certain aspects of procedure followed for grant of Medical Financial Assistance to the Members and their dependents mentioned below:

• Financial Assistance will be considered for dependent parents with no age bar where gross total income as per Income tax Act of family of the Member is less than Rs. 10 lacs.
• Financial Assistance will also be considered for remaining amount in the cases (including dependent) where Member has received partial claim from the insurance company.
• Dependent parent with income shall also be now eligible (as against no income of dependent earlier) provided the total gross income as per Income tax Act of the family of the Member is less than Rs. 10 lacs

The above relaxed norms shall be applicable for the Hospitalization cases [on and after 26th April, 2021] to the members and their dependents who are in distress and need help. They may apply in the prescribed Application Form-cum-Undertaking hosted on the website of the ICAI at the link https://resource.cdn.icai.org/64607cabf-covid19-appform-2021.pdf . For detailed information please mail to [email protected]. Member Secretary Chartered Accountants’ Benevolent Fund M&C-MSS Directorate The Institute of Chartered Accountants of India ICAI Bhawan Plot No. A-29, Sector-62 NOIDA