Benefits of ESI

What is ESI?

ESI is defined as a type of health insurance plan designed by the Government of India to offer Indian workers Medical and Cash benefits. Through medical assistance, disability benefits, maternity benefits, and other services, ESI offers social security to its employees. All businesses with ten or more employees must comply with the ESI Act, 1948, including those with contract and temporary workers. The monthly ESI fund contribution from the employer is also required....

Full Form of ESI

ESI stands for Employees’ State Insurance. ESI is defined as a type of health insurance scheme, maintained and regulated by the government, in order to provide medical and financial assistance to employees and their family members....

Objectives of ESI Act 1948

1. Insurance Facilities: ESI Act, 1948 was established to provide insurance facilities to the Indian workers from those fortuitousness such as injuries, death, sickness and so on....

Entities Covered Under ESI

1. All non-seasonal factories with 10 or more employees must comply with the ESI Act....

Document Required for Registration

No hard copies of any documents need to be submitted because the registration process is done online. When registering online, you must provide the following documents:...

Process and Procedure for Registration

The steps for ESIC Registration are as follows:...

Benefits of ESI

1. Unemployment Allowance: Loss of job does not mean loss of income, so ESIC offers a monthly cash allowance for a maximum of 2 years. In the event of an involuntary loss of employment or a permanent disability brought on by a non-employment injury....

History of ESI

1. In the year 1943, Government of India appointed B.P. Adarker to create a health insurance report for the Indian industrial worker. On the basis of that report ESI Act, 1948 was introduced....