What is SAIF's best practice for the first time-loss payment timing?

SAIF's recommended practice for the timing of the first time-loss payment aligns with the requirements set by applicable regulations to ensure that injured workers receive necessary financial support in a timely manner. The best practice of making this payment within 13 days from the employer's knowledge of the injury ensures that the injured employee does not face undue financial hardship following a workplace accident. This timeline allows for prompt action once the employer becomes aware of the injury, making it crucial for the worker's recovery and wellbeing.

In the context of the other choices: The option indicating 10 days from the injury date might seem reasonable but does not account for variations in employer awareness. The choice of 14 days could potentially delay payments longer than necessary in situations of quick recognition of the injury by the employer. The option stating “Immediately following the claim approval” overlooks the necessary processing time, which could extend beyond the point at which the employer realizes the injury has occurred. Thus, the focus on a 13-day timeframe strikes a balance between timely support for the injured worker and the practicalities of claim processing.