ESIC Registration
The Employees' State Insurance Corporation Act of 1948 was established by the Government of India to provide social security and medical benefits to employees and their families. This Act applies to employees who receive a gross monthly salary of Rs. 21,000/-. By enabling affordable medical services such as access to surgical and obstetric care, ambulance services, supply of essential drugs, super-specialty consultation, and assistance, the Act contributes to the overall welfare and social security of the workforce in India
HIGHLIGHTS OF ESIC REGISTRATION
- ESIC registration is mandatory for establishments or factories with 10 or more employees..
- It ensures compliance with the Employees' State Insurance Act, of 1948, and facilitates the provision of social security benefits to employees
- Medical Benefits: ESI provides comprehensive medical coverage to employees and their dependents. It includes primary, secondary, and tertiary healthcare, such as consultation, hospitalization, medication, diagnostic tests, etc.
- ESI provides cash benefits to employees equivalent to 70% of their average daily wages during leave periods.
- Female employees are eligible for up to 26 weeks of paid maternity leave, during which cash benefits are provided.
- Employees earning up to Rs. 21,000 per month are eligible for ESI coverage..
- The coverage extends to permanent, temporary, contractual, and trainee employees
- The ESI scheme covers employees working in factories, establishments, and organizations falling under specific categories
- To register for ESIC, the employer must submit the necessary documents, including company registration details, employee information, salary records, and other required forms
- The employer receives a 17-digit unique identification number, known as the ESIC code, upon successful registration.
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