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Icai student death any compensation or help from institute

DVB Reddy. (Chartered Accountant) (33 Points)

16 June 2016

Can any body suggest, in case of any students sudden demise/death during his/ her study of ICAI Course (Articles completed and writing exams) may be due to heart attack or an accident, will ICAI provide any support to their family or help financially as per the policy or rules ..

Thanks in advance..

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2 Replies

CA Harshal Totla (Chartered Accountant) (2229 Points)
Replied 16 June 2016

There is no such policy or rule of ICAI and why should icai pay such amount as the person died is neither in employment of the institute which died during the course of his duties and as per my knowledge there is no such professional body in India who pays such type of compensation to the student's family in such case and nor there is any law which can compel them to pay compensation in such cases. Ofcourse no can stop a person from applying to the ICAI but i think it is of no use.