Question

Which of the following is not a Social Security Organisation under the Code on Social Security, 2020?

• A. The Central Board of Trustees of Employees’ Provident Fund
• B. The Life Insurance Corporation
• C. The Employees’ State Insurance Corporation
• D. The National Social Security Board for Unorganised Workers

Hint:

LIC provides insurance services but is not a social security body under the Code on Social Security, 2020.

Answer 1

The Correct Option is B

Step 1: Meaning of Social Security Organisations.
The Code on Social Security, 2020 defines and recognizes specific statutory bodies responsible for administering social security schemes.
Step 2: Organisations included under the Code.
The Employees’ Provident Fund Organisation, Employees’ State Insurance Corporation, and National Social Security Board are expressly provided under the Code.
Step 3: Exclusion of LIC.
The Life Insurance Corporation is a statutory corporation engaged in insurance business and is not classified as a Social Security Organisation under the Code.
Step 4: Conclusion.
Therefore, the correct answer is (B) The Life Insurance Corporation.