ICAI decides to grant medical financial help to the members and their dependents suffering from COVID

Last updated: 27 July 2020

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Quick Summary

The Institute of Chartered Accountants of India (ICAI) through its Chartered Accountants Benevolent Fund (CABF) is providing medical financial assistance to members and their dependants who are suffering from COVID-19. This support is available for those in distress needing help with treatment costs for the disease. Assistance is limited to cases of hospitalisation and can be up to INR 1.5 Lakhs.

Important Announcement
COVID-19 (CABF)

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 CORONA.

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 request 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 with the CORONA positive report and is available only for the cases of hospitalization.

The financial assistance will be up to INR 1.5 Lakhs and will be returnable to CABF in full, if it is not utilized for treatment of CORONA.

For detailed information please mail to covidassistance@icai.in.

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
Phone - 0120-3045997/98

FAQ :

The ICAI's Chartered Accountants Benevolent Fund (CABF) is offering medical financial assistance to members and their dependants who are suffering from COVID-19.

Members and their dependants who are in distress and require financial assistance for the treatment of COVID-19 are eligible.

The financial assistance is available up to INR 1.5 Lakhs.

Yes, the aid is only for cases of hospitalisation and requires a positive CORONA report. The amount must be utilised for CORONA treatment, otherwise, it needs to be returned in full.

Members can apply by filling out the prescribed Application Form-cum-Undertaking available on the ICAI website at the CABF Portal.

For detailed information, you can email covidassistance@icai.in or contact the ICAI Bhawan in NOIDA.

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