Employees' State Insurance Corporation (ESIC)
The Employees' State Insurance Corporation (ESIC) is a self-financing social security and health insurance scheme for Indian workers. It was established by the Indian government in 1948 under the Employees' State Insurance Act, 1948. The primary objective of ESIC is to provide comprehensive social security coverage to employees and their dependents in case of sickness, maternity, and death or disability due to employment injury.
ESIC covers employees who earn a salary of up to Rs. 21,000 per month in non-seasonal factories, establishments, and specified hazardous occupations. The scheme is financed by contributions from both employers and employees, with the current rate of contribution being 3.25% of the wages for employees and 4.75% for employers.
Under the ESIC scheme, registered employees and their dependents are entitled to a range of benefits, including medical benefits, sickness benefits, maternity benefits, disablement benefits, and dependent benefits. Medical benefits include outpatient treatment, inpatient treatment, and specialist consultations. Sickness benefits are provided in the form of cash compensation for lost wages due to sickness or temporary disablement. Maternity benefits are provided to female employees for up to 26 weeks. Disablement benefits are provided to employees who suffer from employment-related injuries or illnesses, while dependent benefits are provided to the dependents of employees who die as a result of employment-related injuries or illnesses.
ESIC operates a network of hospitals, dispensaries, and clinics across India to provide medical care to its beneficiaries. It also partners with private hospitals and clinics to provide medical care under the ESIC scheme. ESIC has made significant contributions to improving the health and welfare of Indian workers and their families, and it continues to play an important role in providing social security coverage to the country's workforce.
Here are the key points of The Employees' State Insurance Corporation (ESIC):
ESIC is a self-financing social security and health insurance scheme for Indian workers.- It was established in 1948 under the Employees' State Insurance Act, 1948.
- ESIC provides comprehensive social security coverage to employees and their dependents in case of sickness, maternity, and death or disablement due to employment injury.
- ESIC covers employees who earn a salary of up to Rs. 21,000 per month in non-seasonal factories, establishments, and specified hazardous occupations.
- The scheme is financed by contributions from both employers and employees, with the current rate of contribution being 3.25% of the wages for employees and 4.75% for employers.
- ESIC provides a range of benefits to registered employees and their dependents, including medical benefits, sickness benefits, maternity benefits, disablement benefits, and dependent benefits.
- Medical benefits include outpatient treatment, inpatient treatment, and specialist consultations.
- Sickness benefits are provided in the form of cash compensation for lost wages due to sickness or temporary disablement.
- Maternity benefits are provided to female employees for up to 26 weeks.
- Disablement benefits are provided to employees who suffer from employment-related injuries or illnesses, while dependent benefits are provided to the dependents of employees who die as a result of employment-related injuries or illnesses