ESIC Registration

Employee State Insurance Corporation or ESIC Registration is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.

Any factory or business establishment having 10 or more than 10 employees, irrespective of salary, have to register with ESIC. ESI contributions must be made for all employees having a salary of less than Rs.21,000 per month. Employees with less than Rs. 21,000 monthly wages get health and sickness benefits through this statutory scheme. The state government also contribute 1/8th share cost of the medical benefit.

Who needs to register for ESI? (What establishments need ESI registration?)

The following establishments having 10 or more employees attracts ESI coverage.

Shops
Hotels or restaurants not having any manufacturing activity, but only engaged in ‘sales’
Cinemas including preview theaters
Road Motor Transport Establishments
News paper establishments
Private Educational Institutions (those run by individuals, trustees, societies or other organizations and Medical Institutions including Corporate, Joint Sector, trust, charitable, and private ownership hospitals, nursing homes, diagnostic centers, pathological labs)

Rate of Contribution towards ESIC:

Currently, the employee’s contribution rate towards ESIC (w.e.f. 01.07.2019) is 0.75% of the wages and that of the employer’s is 3.25% of the wages paid/payable in respect of the employees in every wage period.

However, this rate keeps on changing from time to time.

Contribution Period and Benefit Period

There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration.

ESIC registration is a statutory responsibility of the employers of the factory. It is mandatory according to the rules and regulation of the ESI Act 1948.

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Medical Benefit

The ESIC takes care of an individual’s and his dependents’ medical expenses by full medical and surgical care. his dependents without any limit in ESI dispensaries and hospitals including a supply of medicine, ambulance services, and super specialty consultation.

Maternity benefit

ESIC also helps the insured women employees in the time of pregnancy. Maternity benefit for confinement/pregnancy is provided by ESIC for six months subject to contribution for 70 days in the preceding year

Disablement Benefit

In case an employee is disabled, ESIC ensures that the employee is paid 90% of their monthly wages for the period of the injury in case of a temporary disablement. In case of permanent disablement, 90% of wages paid for the remaining life of such an employee.

Dependant’s benefit

Sickness benefit

Sickness benefit is also provided to the insured employees in the form of cash compensation. At the rate of 70% of wages is payable to insured workers during the periods of certified sickness for a maximum of 91 days in a year by Employees State Insurance Corporation.

Unemployment benefit

The ESIC ensures unemployment allowances equal to 50% of wage for up to 1 year and medical care for self and family from ESI Hospitals in case of permanent invalidity due to a non-employment injury or involuntary loss of employment.

Fill a Simple Checklist

A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. Our team of experts will verify the documents. Our team of experts will verify the documents provided by you and take the procedure further.

Application

Once our expert team completes verification process of your documents, the team will proceed with registration formalities. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of GST Registration. We will apply for ESIC Registration online and provide you Application number immediately.