The Employees' State Insurance Corporation (ESIC) is a statutory body created by the Employees' State Insurance Act, 1948, aimed at providing social security and health insurance benefits to employees in India. It covers various benefits such as medical care, maternity, disability, and pension for employees in case of sickness or accident.

Who Requires ESIC Registration?

1. Employers:

   • Any business or organization with more than 10 employees (in some states, the threshold is 20) and engaged in manufacturing or other notified activities must register for ESIC.

2. Employees:

   • ESIC benefits apply to employees earning below a certain income threshold (currently INR 21,000 per month). These employees are entitled to health care, medical benefits, and other welfare benefits under the ESIC scheme.

Benefits of ESIC

1. Medical Benefits:

   • Provides medical care and treatment for employees and their dependents.
   • Includes outpatient and inpatient services at ESIC hospitals and dispensaries.

2. Sickness Benefits:

   • Employees receive cash benefits if they are unable to work due to sickness or injury.

3. Maternity Benefits:

   • Female employees are entitled to paid maternity leave, as well as medical benefits during pregnancy and childbirth.

4. Disablement Benefits:

   • Provides compensation for employees who suffer from partial or total disability due to an accident or work-related injury.

5. Pension Benefits:

   • Employees receive pension benefits in case of permanent disability or death due to work-related incidents, along with a dependent’s pension.

6. Death Benefits:

   • In the event of an employee's death, their dependents receive financial assistance, including a widow’s pension and children’s benefit.

ESIC Registration Process in India

1. Eligibility Check:

   • Businesses with more than 10 employees and the specified wage threshold must apply for ESIC registration. Employees earning less than INR 21,000 per month are eligible for coverage.

2. Application Submission:

   • The employer submits an online application on the ESIC portal, providing details about the business, its employees, and their wages.

3. Documents Required:

   • Business Registration Details: PAN card, GST registration, or company incorporation documents.
   • Employee Information: List of employees and their wages, along with a declaration about their health status.
   • Address Proof: For the business and premises.
   • Bank Account Details: For electronic fund transfers.

4. Verification and Approval:

   • The ESIC authorities verify the provided details. Once approved, the business is allotted an ESIC Code Number. Employees are then enrolled under the scheme, and contributions can begin.

5. Payment of Contributions:

   • Employers must make monthly contributions to the ESIC fund, which is a percentage of the employee’s wages (typically 0.75% from the employee and 3.25% from the employer).

6. Compliance and Returns:

   • Employers must file monthly returns, detailing contributions and employee data, and ensure timely payment to avoid penalties.

Key Benefits of ESIC

• Social Security: Ensures employees and their families receive medical and financial assistance during sickness, disability, or death.
• Employer Compliance: Having ESIC registration helps employers comply with Indian labor laws and avoid penalties.
• Employee Welfare: Provides a safety net for employees and their dependents, helping attract and retain talent.

ESIC Coverage and Eligibility

• Threshold Income: Employees earning up to INR 21,000 per month are eligible for ESIC coverage, and it applies to both permanent and temporary employees.
• Applicable Sectors: ESIC applies to establishments such as factories, shops, hotels, hospitals, and other specified businesses engaged in production or service.

Our ESIC service ensures that your business remains compliant with the statutory requirements for employee welfare and health insurance, providing a safety net for employees and facilitating smooth operations for employers.