Employees State Insurance
ESI or Employees’ State Insurance scheme that offers health insurance along with self-financing social security for Indian Employees. The fund is controlled by the ESIC (Employees’ State Insurance Corporation) in accordance with the prerequisites and rules specified under the ESI Act 1948. It is an autonomous and statutory body ruled by the Government of India under the division of the Ministry of Labour and Employment. The promulgation of the Employees’ State Insurance Act was exclusively designed to protect the welfare of workers in conditions like illness, temporary or permanent physical disablement, death due to employment injury, maternity, etc. The act was originally planned for plant workers but later became pertinent to all organisations having 10 or more employees.
Benefits of Employees State Insurance
- Maternity benefit
- Medical benefit
- Dependants benefit
- Sickness benefit
- Funeral expenses
- Disablement benefit
- Rehabilitation allowance
ESI scheme is a type of social security system for workers in the organised sector. The workers enlisted under the scheme are allowed these benefits along with other privileges like Old Age Medical Care, Confinement Expenses, Funeral Expenses etc. Employees State Insurance is protected under Section 2(9) of the ESI Act. To acquire comprehensive knowledge about the scheme, contact Scalyales Consultants right away!