Employees’ State Insurance Corporation, a need based social insurance scheme incorporated under Employees” State Insurance Act in order to assure better medical care to the employees or workers and their immediate dependants. Employee’s State Insurance(ESI) is a self-financing social security and health insurance scheme for Indian workers. For all employees earning INR 21000 or less per month as wages, the employer contributes 4.75 percentage and employee contributes 1.75 percentage, total share 6.5 percentage. This fund is managed by the ESI Corporation (ESI) according to rules and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESI is an autonomous corporation under Ministry of Labour and Employment, Government of India. But most of the dispensaries and hospitals are run by concerned state governments.
Employees registered under the ESI enjoy a range of benefits under the scheme. Employee enjoy medical attendance and treatment for the person insured and their families including full range of medical, surgical and obstetric treatment, supply of all drugs, ambulance services, super-specialty consultation, etc., In addition, to the medical care, insured persons also enjoy sick pay benefits. Registration with ESI provides the employee with tremendous benefits and improves worker morale and retention.
Indian workers have the ESI (Employees State Insurance), the self-financing healthcare and social insurance scheme to safeguard their health. ESIC or the Employees' State Insurance Corporation working under the Ministry of Labour and Employment can get benefits to keep their health in check and get reimbursement for their care.
Your employees can contribute to the insurance fund which can bring them greater benefits. When you have a business, you must complete the ESI registration online to grant your employees access to this scheme. We offer you assistance to complete the registration and navigate through the complicated process.
ESI (Employee State Insurance) registration is mandatory for businesses that employ more than 10 people. It is a social security scheme that provides medical and cash benefits to employees and their dependents in case of illness, disability, or death due to employment injury.
The ESI registration process can be done online or by Legal Dev CA Services we offer Company or business ESI Registration service and support in all issue that will arise for ESI registration. We help and assist business to ESI registration process.