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ICAI to provide Medical Financial Assistance of Rs. 1.5 L to Members & their dependents suffering from COVID-19

ICAI - Medical Financial Assistance - COVID-19 - Taxscan

The Institute of Chartered Accountants of India (ICAI) on Sunday announced to provide Medical Financial Assistance of Rs. 1.5 lakh to Members and their dependents suffering from COVID-19.

ICAI is sanctioning the COVID-19 grant of up to Rs 1.50 lacs to those CA members who are Corona positive.

However, the financial assistance will be up to Rs.1.5 Lakhs and will be returnable to the Managing Committee of the Chartered Accountants Benevolent Fund (CABF) in full, if it is not utilized for the treatment of CORONA.

The Managing Committee of the Chartered Accountants Benevolent Fund (CABF), ICAI has considered the difficulties being faced by Members in the time of pandemic and has decided to grant Medical Financial Assistance to the Members and their dependents suffering from Coronavirus.

“This help is going to be available to the Members and their dependents who are in distress and need financial assistance for treatment of Corona disease. To avail, this help members/dependents may file requests in prescribed Application Form-cum Undertaking hosted on the website of the ICAI at the CABF Portal at the link https://cabf.icai.org/. The application is to be accompanied by the CORONA positive report and is available only for the cases of hospitalization,” the announcement said.

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