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ESIC REGISTRATION
Employee State Insurance is the full form of ESI and Employee State Insurance Corporation is the full form of ESIC. Basically, ESI is administered and governed by an autonomous self-financed social security labor organization named ESIC. It is one of the most popular schemes for employees which has been employed in various sectors in different organizations in the country. The ESIC functions under the guidance of the labor ministry, which is under the Govt of India. Employees who have registered under the ESIC Registration scheme can opt for medical benefits or monetary benefits provided they are employed in an organization that has more than ten employees. The employees are provided and assigned with a 17 digit unique identification number after they have completed the ESI Registration.
Who can apply for ESIC?
The ESI scheme was started by the ESIC for the Indian Workers. The workers are given a variety of benefits through the ESI scheme like medical, monetary, etc. The companies having more than ten employees who have a minimum salary of fifteen thousand rupees( 15000/- ) have to mandatory register themselves with ESIC.
The following entities are covered based on the government notification dated Sec 1(5) of the ESI Act :
Shops
Restaurants
Hotels are only engaged in sales
Cinemas
Road Motor Transport Establishments
Newspaper establishments (which are not covered under the factory act)
Private Educational Institutions.
Advantages
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Medical Benefits for an employee and his family members
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Women who are pregnant will be given maternity Benefit ( paid leaves )
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Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness certified and which lasts for a maximum of 91 days in any year.
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If an employee dies or is disabled by any means, while on work – then 90% of the salary would be given to his dependents i.e. family every month.
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An amount of Rs.10,000/- is payable to the dependents or to the person who performs last rites from day one of entering insurable employment.
FAQs Section
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Yes, it is mandatory for every employer to register under ESI, who comes under the ESI act to register their unit/Factory/ Establishment.
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No, you cant transfer the benefits of the insured employee.
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ESI code number is the 17-digit unique identification number that is allotted to every registered unit, factory, establishment.
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An employer who fails to pay the contribution within the time-limit specified would be liable to pay simple interest with a rate of 12% PA in respect of each day of delay or default in payment of contribution.
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The registration of employees is needed to identify the employee and to provide them with the benefits under the Act.
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