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ESIC, or the Employees’ State Insurance Corporation, is an Indian social security organization that works to protect the interests of workers in the organized sector. It is managed by the Ministry of Labour and Employment, Government of India. Let us learn more about ESIC full form, the benefits of ESIC, how to register for ESIC and other related info.
History
The Employees’ State Insurance Corporation (ESIC) was formed in 1952 under the Employees’ State Insurance Act of 1948. This was a major milestone in the history of social security in India. The ESIC is a statutory body formed to provide social security benefits to employees in the organized sector.
The Employees’ State Insurance Act was passed in Parliament on the 22nd of April 1948, by the then Prime Minister Jawaharlal Nehru. It was the first social security legislation to be passed in India. The ESIC was set up to provide medical, cash, and other benefits to the employees of the organized sector. Under the Act, employers have to make contributions to the ESIC for the benefit of their employees.
The Employees’ State Insurance Act was a major step forward in the development of the social security system in India. It provided a comprehensive social security system to workers in the organized sector. The Act provided for medical care, payment of wages during sickness, maternity benefits, disablement benefits, and other benefits.
The Employees’ State Insurance Corporation was established to administer the Act and to ensure that the benefits are provided to the employees in an effective and efficient manner. The ESIC has grown to become one of the largest social security organizations in India. It has branches in all the major cities in India and provides a wide range of services to its members.
The Employees’ State Insurance Corporation has made a major contribution to the development of the social security system in India. It has provided a comprehensive system of social security to millions of workers in the organized sector. The ESIC is committed to providing quality services to its members. It has also taken several initiatives to increase its outreach and to ensure that the benefits are provided to all eligible workers.
ESIC Full Form
ESIC stands for Employee’s State Insurance Corporation. It is a statutory body established by the Government of India in 1952 to provide social security and health insurance to Indian employees. It is a government-sponsored scheme that provides a range of benefits to employees and their families in case of illness, injury, disability, and death. It also provides financial assistance to dependents during maternity and funeral expenses.
Under this scheme, employers are required to make a monthly contribution to the fund, which is then used to provide benefits to employees and their families. The contribution rate is calculated based on the wages of the employee and is usually a percentage of the salary. The amount of contribution varies from state to state.
How to Register for ESIC?
In order to register with ESIC, employers must submit a form to the regional office. Employees must also submit a form to the regional office to register for benefits. Once registered, employers are required to pay contributions to ESIC on a regular basis, and employees are eligible to receive benefits.
Benefits of ESIC
ESIC was established with the primary purpose of providing social security benefits to workers in the organized sector. The organization is funded by both the employer and employee, with the employer contributing 4.75% of the employee’s salary and the employee contributing 1.75%. This money is then used to provide health insurance, disability benefits, maternity benefits, pension, and other such welfare benefits.
ESIC has more than 200 hospitals and health centers across India, providing medical care to its members. It also provides medical care to members who are hospitalized due to accidents or illnesses. In addition, it provides cash benefits to members who are unable to work due to sickness or injury. It also provides financial aid to members who are unable to afford medical treatment.
Apart from its primary purpose of providing social security and health insurance to members, ESIC also undertakes various social welfare activities, such as providing medical camps for rural and backward areas, providing free medical treatment to members, and providing nutritional supplements and immunization to members.
The benefits of ESIC are available to all employees who are covered by the scheme. Employees and their families are provided with medical care, cash benefit in case of illness, disability, death, and maternity benefits. It also provides financial assistance in the case of funeral expenses, unemployment, and other contingencies.
Conclusion
ESIC is an important social security organization in India, providing a wide range of welfare benefits to its members. The organization is dedicated to providing social security and health care to Indian employees and their dependents and is a true example of the government’s commitment to the welfare of its citizens.
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ESIC – Frequently Asked Questions (FAQs)
The Employees' State Insurance Corporation (ESIC) is a social security organization in India that provides health insurance and medical benefits to employees and their dependents in the organized sector. It is funded through contributions from employers and employees and offers various healthcare services and facilities.
ESIC stands for Employees' State Insurance Corporation, which is a statutory body in India responsible for administering the Employees' State Insurance (ESI) scheme, providing social security and health insurance benefits to eligible employees and their dependents.
The Unified Portal is a digital platform developed by the Indian government as part of the Employees' Provident Fund Organization (EPFO). It serves as a centralized portal for employers, employees, and pensioners to access various services related to provident fund, pension, and other related schemes.
The EPFO Unified Portal is an online platform provided by the Employees' Provident Fund Organization (EPFO) in India, allowing employers, employees, and pensioners to access and manage their provident fund, pension, and related services conveniently.
ESIC login refers to the process of accessing the online portal of the Employees' State Insurance Corporation (ESIC) in India, where registered employers, employees, and other stakeholders can log in to avail various services, submit contributions, and access information related to health insurance and social security benefits.
ESIC payment refers to the process of making financial contributions to the Employees' State Insurance Corporation (ESIC) in India by employers on behalf of their employees. These payments fund the health insurance and social security benefits provided by ESIC to eligible employees and their dependents.
To avail treatment from ESIC, eligible individuals need to visit an ESIC empanelled hospital or dispensary, provide their ESIC identification details, and receive medical services as per the guidelines and coverage provided by the Employees' State Insurance Corporation.
ESI stands for Employees' State Insurance, which is a social security scheme in India that provides health insurance and medical benefits to employees and their dependents in the organized sector.
To apply for ESI registration in India, employers need to visit the official website of the Employees' State Insurance Corporation (ESIC), fill out the registration form with the required details, and submit the necessary documents to the nearest ESIC office or online portal as per the prescribed procedure.
Yes, ESIC is applicable for employees with a salary of up to ₹25,000 per month (as of the current threshold). Employees earning below this threshold are eligible for ESIC coverage and the associated benefits.
ESIC is used to provide social security benefits, including health insurance, medical care, and other related services, to eligible employees and their dependents in the organized sector in India.
To check your ESIC details in India, you can visit the official ESIC website, log in to your ESIC account, and access your personal profile to view your registration details, contributions, benefits, and other relevant information.
The salary limit for ESIC coverage in India is ₹21,000 per month (as of September 2021). Employees earning up to this amount are eligible for ESIC benefits and coverage.
To download the ESIC card, follow these steps: Visit the ESIC official website and log in to your ESIC account. Go to the Print Counterfoil section and select the desired time period. Click on the Generate button to download and print your ESIC card. What is Employees State Insurance Corporation?
What is ESIC full form?
What is Unified portal?
What is epfo unified portal?
What is ESIC login?
What is ESIC payment?
How to take treatment from ESIC?
What is ESI?
How to Apply for ESI Registration?
Is ESIC applicable for 25,000 salary?
What is ESIC used for?
How do I check my ESIC details?
What is the salary limit for ESIC?
What are the steps for ESIC card download?
