What is the coverage condition for employers and employees under the State Insurance Fund?

The coverage condition for employers and employees under the State Insurance Fund indicates that, generally, all employers and employees are included in the coverage, provided they meet the established eligibility criteria. Specifically, the correct choice emphasizes that individuals below a certain age threshold—like 60 years old—are primarily covered, aligning with the typical intent of such insurance that seeks to protect a wider workforce while excluding certain specific cohorts.

The rationale for this coverage framework is rooted in the objective of the State Insurance Fund to ensure that all eligible workers have access to benefits that cover work-related injuries and illnesses. This policy aims to create a safety net for employees while also shielding employers from potential liability claims.

In contrast, other choices clarify misconceptions about coverage. For example, excluding only those above 60 years old from coverage fundamentally misunderstands the broad inclusivity intended in such programs. Stipulating that insurance must be obtained through a private company contradicts the fundamental essence of a State Insurance Fund which is typically a public provision. Lastly, indicating that only part-time employees require coverage overlooks the reality that full-time employees are generally also included, as the fund is designed to cover all workers engaged in employment rather than segregating by hours worked.