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The Employees' State Insurance Corporation (ESIC) scheme is a social security and health insurance scheme for Indian workers. It is managed by the Employees' State Insurance Corporation, a statutory body under the Ministry of Labour and Employment, Government of India.
The ESIC scheme provides medical, cash, maternity, disability, and dependent benefits to eligible employees and their dependents. It covers various contingencies, such as sickness, maternity, temporary or permanent disablement due to occupational injury or disease, and death due to employment injury.
Employers and employees contribute to the ESIC scheme, with contributions based on a percentage of the wages paid by the employer to the employee. The scheme covers employees earning wages up to a specified limit, which is periodically revised by the government.
ESIC hospitals and dispensaries provide medical care and treatment to insured persons and their dependents. The scheme aims to provide comprehensive social security coverage to workers in the organized sector and ensure access to quality healthcare services.
Overall, the ESIC scheme plays a crucial role in safeguarding the health and well-being of industrial workers and their families in India.
The ESI Act is applicable to all establishments employing 10 or more persons. The State Governments have extended the coverage of the Act to Shops, Hotel, Restaurants, Cinema including preview theatres, Road-motor transport undertakings, Newspaper establishments, Private Medical Institutions, Educational Institutions and to contract and casual employees of Municipal Corporation/Municipal Bodies employing 10 or more persons.Wage limit for coverage under the Act, effective from 01.01.2017, is Rs.21,000/- per month (Rs.25,000/- per month in the case of Persons with Disability).
The contribution payable to the Corporation in respect of an employee shall comprise of employer's contribution and employee's contribution at a specified rate. Currently, the employee's contribution rate (wef 01.07.2019) is 0.75% of the wages and that of employer's is 3.25% of the wages paid/payable in respect of the employees in every wage period.
Under the Employees' State Insurance Act (ESI Act), employers have several compliance requirements to ensure that they fulfill their obligations towards providing social security benefits to their employees. Here are some of the key compliance: Company Registration, Employee Registration, Payment of Contribution, Filing of Returns, Maintaining Records, Display of Notices, Compliance with Inspections etc.Non Compliance of the ESIC Act may result in penalties, fines, or other legal consequences. Therefore, it's essential for employers to understand and fulfill their compliance obligations under the Act to ensure the welfare of their employees and avoid any legal liabilities.
We help employees to get the maximum benefits under the ESIC Scheme. We do all documentation and process all type of Claims:
We organize help desk for employee to resolve their issues related to Name corrections, KYC, adding family and nominee details, registering with ESI Doctors and Hospitals
