Overview
Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which gives medical gain, sickness gain, maternity privilege, and several other benefits such as funeral costs, free supply of physical aids, etc. to the employees and their family.
Every industry or business establishment holding 10 or more than 10 employees, irrespective of payroll, must register with ESIC. ESI offerings need to be done for all employees owning a salary of less than Rs.21,000 per month. Employees with less than Rs. 21,000 monthly salaries get health and sickness privileges within this statutory scheme. The state government also provides 1/8th share expense of the medical benefit.
Every industry or business establishment holding 10 or more than 10 employees, irrespective of payroll, must register with ESIC. ESI offerings need to be done for all employees owning a salary of less than Rs.21,000 per month. Employees with less than Rs. 21,000 monthly salaries get health and sickness privileges within this statutory scheme. The state government also provides 1/8th share expense of the medical benefit.