ESIC Registration
ESIC is a statutory corporate body under the ESI Act 1948 to administer ESI Scheme.
Employee’s State Insurance is a self-financing social security and health insurance scheme for Indian workers. This fund is managed by the Employee’s State Insurance Corporation. (ESIC) All employees earning Rs.21,000/- or less monthly as earnings, the employer contributes 4.75% and employees contribute 1.75% , giving a total of 6.5% . This fund is managed by the ESI as per regulations under the ESI Act 1948. The employees are provided with medical, monetary and other benefits from their employer.
- Maternity benefits for women
- Medical benefits for all employees and his or her family members
Death benefits to family ESIC is a statutory corporate body under the ESI Act 1948 to administer ESI Scheme.
- Funeral benefits to family members
- Old age medical care
- Disability benefits
ESI is mandatory for a business with minimum 10 employees and earning less than Rs.21,000/- monthly.