The Employee’s State Insurance Corporation (ESIC) is a social security scheme in India that provides medical and financial benefits to employees. It ensures workers receive healthcare and support during illness or unemployment.
ESIC registration is mandatory for factories and establishments covered under the ESI Act, protecting employee rights and ensuring compliance. For SMEs, it not only meets legal obligations but also promotes employee well-being and loyalty.
ESI provides extensive medical care, which includes hospitalization and outpatient services, guaranteeing that the employees receive quality medical facilities.
There is a cash allowance made available to its employees during the sick leave period for maintaining loss of earnings.
This is paid to all female employees who take maternity leave, guaranteeing maternity benefit.
ESI compensates employees and their dependents for the loss of income following a work-related injury due to disability or death.
The ESI scheme promotes preventive healthcare measures to ensure that employees receive regular health check-ups and vaccines.
Contribution: The employer is required to contribute 4%, while an employee is required to contribute 1% of their monthly wages to the ESI Fund. Funds are used to provide various benefits under the ESI scheme.
Coverage: A wide array of medical services is covered in the ESIC Benefits, and these include-a range of medical treatments, hospitalization, outpatient treatments, maternity benefits, and disability or workmen’s compensation services for employees who suffer death from an injury related to the course of work.
ESIC Registration: Establishments, or factories with more than ten workers/employees, will register for ESIC Benefits. This ensures that all eligible employees will receive benefits under the Employee State Insurance scheme.
Mandatory Coverage: ESIC registration is obligatory for establishments with a specific employee count, ensuring maximal coverage reach.
Wide Network of Hospitals: ESIC’s network of hospitals and clinics renders that necessary treatment for insured employees is administered with no monetary cost.
Integrated Benefits: Covering medical, cash, and pension within one scope, the scheme provides for social security of a comprehensive nature.
Online Services: ESIC offers online services related to registration, claim filing, and tracking for the comfort and facilitation of service to both the employer and the employee alike.
Health Education: The ESI scheme, in fact, aims at spreading health education and awareness so that employees can realize their obligations toward healthy living.
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Do you have questions about ESIC? Check out our FAQs section to find answers to common queries.
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Any employee whose gross salary does not exceed ₹21,000 per month becomes eligible for the ESIC benefits and ensured ESIC registration by the employer.
The employer can go online to the ESIC website to fill out the registration form, providing all necessary details about their establishment and employees. TMS assists with ESIC benefits and registration.
ESIC provides benefits ranging from medical treatments to sickness benefits, maternity benefits, and compensation for disability or death due to workplace incidents.
The ESI benefits will remain valid for a job after changing, provided the new employer registers him under ESIC.
Yes, usually certain benefits require one such waiting period. In the case of sickness benefits alone, the employee is required to furnish at least 78 days of contribution choice within a specific period.
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