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Employee State Insurance Corporation (ESIC)

Employees' State Insurance (abbreviated as ESI) is a self-financing social security and health insurance scheme for Indian workers. The fund is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948. ESIC is a Statutory Body and Administrative Ministry is Ministry of Labor and Employment, Government of India.

The promulgation of Employees' State Insurance Act, 1948(ESI Act), by the Parliament was the first major legislation on social Security for workers in independent India. It was a time when the industry was still in a nascent stage and the country was heavily dependent on an assortment of imported goods from the developed or fast developing countries. The deployment of manpower in manufacturing processes was limited to a few select industries such as jute, textile, chemicals etc. The legislation on creation and development of a fool proof multi-dimensional Social Security system, when the country's economy was in a very fledgling state was obviously a remarkable gesture towards the socio economic amelioration of a workface though limited in number and geographic distribution. India, notwithstanding, thus, took the lead in providing organized social protection to the working class through statutory provisions.

The ESI Act 1948, encompasses certain health related eventualities that the workers are generally exposed to; such as sickness, maternity, temporary or permanent disablement, Occupational disease or death due to employment injury, resulting in loss of wages or earning capacity-total or partial. Social security provision made in the Act to counterbalance or negate the resulting physical or financial distress in such contingencies, are thus, aimed at upholding human dignity in times of crises through protection from deprivation, destitution and social degradation while enabling the society the retention and continuity of a socially useful and productive manpower.

Advantages of ESIC


1. Medical Benefit

The Employee State Insurance Corporation takes care of an individual's medical expenses by providing reasonable medical care. This cover comes into effect from day one of the individual's employment.

2. Disability Benefit

In case an employee is disabled, ESIC ensures that the employee is paid their monthly wages for the period of the injury in case of a temporary disablement or for the remainder of the employee's life in case of a permanent disablement.

3. Maternity Benefit

ESIC helps an employee welcome their baby to a household which has been showered with benefits. ESIC provides a total of 100% of the average daily wages for a period of to 26 weeks from the time of going into labor and 6 weeks in case of a miscarriage. 12 weeks of pay is provided in the case of an adoption.

4. Sickness Benefit

ESIC ensures that there is a flow of cash coming into the employee's household during medical leave. 70% of the average daily wages of an employee is paid during medical leave for a maximum period of 91 days in two successive benefit periods.

5. Unemployment Allowance

ESI provides a monthly cash allowance for a maximum period of 24 months in case of permanent invalidity due to a non-employment injury or due to involuntary loss of employment.

6. Dependent's Benefit

In case the employee meets with an untimely death due to an injury at the place of employment, ESIC will provide monthly payments apportioned among the surviving dependents.

Documents Required for ESIC Registration


Copy of PAN

Mobile Number and Email Id

Digital Signature in the name of Employer

Address Proof of Registered office of the Company

Any License or certificate issued by government Authority

Proof of setup of Establishment

Details of Employees including Name, Address, etc.

Bifurcation of Salary structure of every employee

Call Us at : 8422985681 / 9833628008


PACKAGES


Basic

4999/-
Inclusive all taxes

ESIC Registration for organizations having more than 10 employees

Premium

11999/-
Inclusive all taxes

ESIC Registration for organizations having more than 10 employees
Class III ( Only Certificate, No Encryption )
PF registration

Standard

6999/-
Inclusive all taxes

ESIC Registration for organizations having more than 10 employees
Class III ( Only Certificate, No Encryption )

Procedure For ESIC Registration

1

Create Login ID

1 Working Day

After creation of Login Id and Password proceed for the registration by filing required details.
2

Register Digital Signature Certificate

Same Day

Once the Registration over register Digital Signature.
3

Document Submission

1 Working Day

After registering the Digital Signature fill detailed application and attach required documents. All the attachments must be digitally signed. Once all the documents submitted Online certificate shall be issued.

Unique Features of ESI Scheme

It is a state law driven system, hence there might be variations based on the local state laws.

It helps in protecting the manpower of industries.

The employees must be enrolled under the scheme by the organization to avail the benefits that are mentioned in the Act.

Provides a better and safer work experience for the employees.


ESI scheme is a type of social security scheme for employees in the organised sector.

Periodical payments to any insured person.

Why go with ESIC Registration :

Provides the financial stability for the employees who work under the organisation.

Payment to the eldest surviving member of the family of an insured person who has died.



The Employees would have better working culture as it gives them the peace of mind.



The government provides the managing features for the funds.

FAQ’s About ESIC Registration

  • What is ESI Scheme?

    It is a comprehensive Social Security Scheme designed to accomplish the task of socially protecting the ’employees’ in the organized sector against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families.
  • Who administers the ESI Scheme?

    The ESI Scheme is administered by a corporate body called the ‘Employees’ State Insurance Corporation’ (ESIC), which has members representing Employers, Employees, the Central Government, State Government, Medical Profession and the Parliament. The Director General is the Chief Executive Officer of the Corporation and is also an ex-officio member of the Corporation.
  • Whom will it not be applicable to ?

    Any employee who has over 15000 worth of net salary on monthly basis would not be eligible and the organization can apply for ESIC if their employees count is more than 20 in nature.
  • How does the scheme help the employees?

    The scheme provides full medical care to the employee registered under the scheme during the period of his incapacity for restoration of his health and working capacity. It provides financial assistance to compensate the loss of his/ her wages during the period of his abstention from work due to sickness, maternity and employment injury. The scheme provides medical care to his/her family members also.
  • Is there a nominee specified ?

    Yes. a dependent person can be specified and they can get the benefits after the insuring person has passed away.
  • What are Cash Benefits of ESIC ?

    1. Sickness Benefit (@70% of wages for 91 days)
    2. Disablement Benefit (for self)
    3. Temporary @ 90% of last wages as long as last
    4. Permanent disablement @ pro rata loss of earning capacity lifelong
    5. Maternity Benefit (@ 100% of wages for 12 weeks)
    6. RGSKY for unemployment (50% of last wages for 1 year)
    7. Dependent benefit (@ 90% of wages)
    8. Funeral Expenses (Rs 10000/-)

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