EOBI Survivor Pension is a monthly pension paid to the surviving spouse, children, or parents of an insured person who dies before reaching the age of retirement or while receiving an invalidity pension.
What is The EOBI Survivor Pension?
To be eligible for EOBI Survivor Pension, the deceased
insured person must have had at least 3 years of insurable employment at the
time of death, or at least 5 years of insurable employment if they had left
insurable employment more than 1 year before death.
The amount of EOBI Survivor Pension is calculated based
on the average monthly wages of the deceased insured person during the last 12
months of their insurable employment. The minimum pension is Rs. 10,000 per
month, and the maximum pension is 80% of the average monthly wages.
Eligibility to Receive EOBI Survivor Pension:
- Surviving spouse
- Minor children (up to the age of 18)
- Parents (if the deceased insured person is not survived by a spouse or children)
- The pension is paid until the death of the surviving spouse, or until the children reach the age of 18.
To apply for an EOBI Survivor Pension, the surviving spouse,
children, or parents must submit an application to the Employees' Old-Age
Benefits Institution (EOBI) along with the following documents:
- Death certificate of the insured person
- Marriage certificate (if applicable)
- Birth certificates of the children (if applicable)
- Proof of age of the parents (if applicable)
- Bank account details
The EOBI will process the application and issue a
decision within 30 days. If the application is approved, the pension will be
paid directly into the bank account of the beneficiary.
EOBI Survivor Pension is a valuable benefit that can help
to provide financial security to the surviving dependents of an insured person
who dies prematurely.
What is The EOBI
Survivor Rate?
EOBI Survivor Rate is the percentage of insured persons
who die before reaching the age of retirement and are survived by eligible
dependents who receive a survivor pension.
Key Factors that Can Affect the EOBI Survivor Rate:
Age of Death:
The younger the insured person is when they die, the more likely they are to
have eligible dependents who will receive a survivor pension.
Gender: Women
tend to live longer than men, so they are less likely to die before retirement
than men. This means that the EOBI Survivor Rate for women is typically lower
than the EOBI Survivor Rate for men.
Occupation:
Some occupations are more dangerous than others, and workers in these occupations
are more likely to die before retirement. This means that the EOBI Survivor
Rate for workers in these occupations is typically higher than the EOBI
Survivor Rate for workers in less dangerous occupations.
Socio-Economic Status:
People with lower socioeconomic status are more likely to die before retirement
than people with higher socioeconomic status. This means that the EOBI Survivor
Rate is typically higher for people with lower socioeconomic status.
What Are EOBI
Survivor Benefits?
EOBI Survivor Benefits are the monthly payments made to
the surviving spouse, children, or parents of an insured person who dies before
reaching the age of retirement or while receiving an invalidity pension.
What is The EOBI
Survivor Plan?
EOBI Survivor Plan is a social security program in
Pakistan that provides financial assistance to the surviving dependents of an
insured person who dies before reaching the age of retirement or while
receiving an invalidity pension.
The EOBI Survivor Plan Provides The Following Benefits:
Monthly pension: The surviving spouse, children, or parents
of the deceased insured person are entitled to receive a monthly pension. The
amount of the pension is calculated based on the average monthly wages of the
deceased insured person during the last 12 months of their insurable
employment. The minimum pension is Rs. 10,000 per month, and the maximum
pension is 80% of the average monthly wages.
Funeral Grant:
A one-time grant is paid to cover the funeral expenses of the deceased insured
person.
Medical Expenses:
EOBI will cover the cost of medical treatment for the surviving dependents for
up to one year after the death of the insured person.
Educational Expenses:
EOBI will provide financial assistance for the education of the minor children
of the deceased insured person.
To be eligible for the EOBI Survivor Plan, the deceased
insured person must have had at least 3 years of insurable employment at the
time of death, or at least 5 years of insurable employment if they had left
insurable employment more than 1 year before death.
To apply for the EOBI Survivor Plan, the surviving
spouse, children, or parents must submit an application to the Employees'
Old-Age Benefits Institution (EOBI) along with the following documents:
- Death certificate of the insured person
- Marriage certificate (if applicable)
- Birth certificates of the children (if applicable)
- Proof of age of the parents (if applicable)
- Bank account details
The EOBI will process the application and issue a
decision within 30 days. If the application is approved, the benefits will be
paid directly into the bank account of the beneficiary.
What is The EOBI
Survivor Form?
The EOBI Survivor Form is an application form that must be completed by the surviving spouse, children, or parents of an insured person who dies before reaching the age of retirement or while receiving an invalidity pension in order to claim EOBI Survivor Benefits.
The EOBI Survivor Form can be downloaded from the EOBI
website or obtained from any EOBI office. The form must be completed in full
and submitted to the nearest EOBI office along with the following supporting
documents:
- Death certificate of the insured person
- Marriage certificate (if applicable)
- Birth certificates of the children (if applicable)
- Proof of age of the parents (if applicable)
- Bank account details
The EOBI will process the application and issue a
decision within 30 days. If the application is approved, the benefits will be
paid directly into the bank account of the beneficiary.
The EOBI Survivor Form is a relatively simple form to complete, but it is important to ensure that all of the information is accurate and complete. If you have any questions about the form or the application process, you should contact EOBI directly.
Tips For Completing
the EOBI Survivor Form:
Make sure to have all of the required supporting documents on hand before you start filling out the form. Read the form carefully and answer all of the questions accurately and completely. If you have any questions, contact EOBI for assistance.
Once you have completed the form, proofread it carefully to make sure there are no errors. Sign and date the form and submit it to the nearest EOBI office along with the required supporting documents.
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