ESIC

ESIC's main characteristics include its legal framework, which is governed by the 1948 Employees' State Insurance Act.
Finances:
Employers and employees each contribute a certain percentage of their salaries to this self-financing program.
The donation rates as of right now are:
Employer: 3.25 percent of earnings
Employee: 0.75 percent of pay (subject to change on a regular basis)
Coverage:
Covers workers making up to ₹21,000 per month (₹25,000 for people with disabilities).
Relevant to industries and enterprises with ten or more workers (state-specific criteria may differ).
Benefits
Medical Benefit: Full-scope medical treatment for policyholders and their dependents.
Financial assistance during periods of certified illness is known as a sickness benefit.
Maternity Benefit: For pregnant insured women.
Disability Benefit: Compensation for accidents that cause a temporary or permanent impairment is known as a disability benefit.

Dependents' Benefit: A pension paid to dependents in the event that an insured person passes away from a work-related illness.
Joblessness Allowance: Under some circumstances, compensation for losing a job.

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Administration

Management overseen by ESIC, a statutory agency made up of government, employer, employee, and other stakeholder representatives.
Coverage by Region:
With a network of ESI dispensaries, hospitals, and regional offices, it is accessible in the majority of Indian states and union territories.

 

The ESIC's mission is to give workers social security by shielding them from monetary hardship brought on by illnesses, accidents at work, pregnancy, or unemployment. This will improve the general well-being of workers and their families.