ESIC Registration
Senixa Legal can helps you with all your queries regarding ESI registration with a single click of a mouse. Prices starting from INR 5999/- only.
Step 1
Complete a simple form and submit documents
What is ESIC Registration?
ESIC Stands for Employee State Insurance Corporation. which is an autonomous body created by the law under the Ministry of Labor and Employment, Government of India. This scheme is started for Indian workers. The workers are provided with a huge variety of medical, monetary, and other benefits from the employer. Any Company having more than 10 employees (in some states it is 20 employees) who have a maximum salary of Rs. 15000/- has to mandatorily register itself with the ESIC.
Benefits of ESIC registration:
The benefits of registering under this scheme are varied. Some of them are:
1. 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.
2. Medical Benefits to an employee and his family members.
3. Maternity Benefit to the women who are pregnant (paid leaves).
4. If the death of the employee happens while on work – 90% of the salary is given to his dependents every month after the death of the employee.
5. Same as above in case of disability of the employee.
6. Funeral expenses.
7. Old age care medical expenses
Entities covered under ESIC:
As per the government notification dated Sec 1(5) of the ESI Act the following entities are covered:
• Shops
• Restaurants or Hotels only engaged in sales.
• Cinemas
• Road Motor Transport Establishments
• Newspaper establishments (which is not covered under the factory act)
• Private Educational Institutions
The pace of Contribution towards ESIC:
- Presently the worker’s commitment rate towards ESIC (w.e.f. 01.07.2019) is 0.75% of the wages and that of the business’ is 3.25% of the wages paid/payable in regard to the workers in each compensation period.
- Nonetheless, this rate continues to change every once in a while.
- Commitment Period and Benefit Period
- There are two commitment periods each of a half year span and two comparing advantage periods likewise of a half year term.
Steps for Registration of ESIC
FAQs on ESIC Registration
What is ESI?
ESI stands for Employee State Insurance. This is a government-regulated Insurance scheme for employees and their families, as health insurance covering sickness, maternity, disability, etc.
Who mandatorily required ESI registration?
Every shop, establishment, and factory having 10 or more employees requires to get register under Employees’ State Insurance.
How much does an employee contribute towards ESI?
Out of the total 6.5% amount that goes towards ESI, only 1.75% is deducted from the employee’s salary, rest is contributed by the employer.
What are the incentives introduced by the government for ESI members?
The government has introduced various health care benefits for poor families. The families covered under the NHPS scheme can access medical facilities via ESI Hospitals. Besides, employees covered under the ESI scheme are entitled to medical treatment for them and their dependents.
What are other incentives for the ESI members?
The ESI members are entitled to unemployment cash benefit, maternity benefit, and allowance in the case of female employees. Besides, there is a disablement benefit also.
How does ESI registration contribute to a pension?
The employees covered under the ESI scheme are entitled to a family pension.
Still, have confusion?
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