Suggested
Knowledge Bytes Blog
26 Oct 2023
9 Viewed
Contents
The Employees State Insurance Scheme or ESIS is a scheme launched by the government of India to provide health insurance and related coverage to workers against a host of unfortunate events. This includes medical emergencies such as incurring a permanent or temporary disability, illnesses, passing away due to an employment-related injury, and so on. Essentially, if an employment-related event influences the policyholder s ability to earn and support their dependents, ESIS can come to the rescue. To make sure its workers are covered under the ESIS, an organisation should be registered with the Employees State Insurance Corporation. In this article, we take a look at how organisations can register with the ESIS and other aspects related to it. To begin, let s first get a basic understanding of registering for the ESIS.
An organisation that has 10 or more than 10 employees is eligible to register for the ESIS. In the case of establishments in Maharashtra and Chandigarh, more than 20 employees are required for registration with the ESIS or Employees State Insurance Scheme. Only those workers whose monthly earnings are less than Rs 21,000 (and, in the case of people with disabilities, Rs 25,000) are eligible to be covered under the ESIS. An amount corresponding to 1.75% of the employee s salary is contributed towards the scheme while the employer contributes 4.75%. These rates tend to change from time to time. However, workers earning a daily average wage of up to Rs 50 do not need to contribute to the scheme. The employers of the same can take care of the contribution.
One can register for the Employees State Insurance Scheme online since the process does not require the need to submit documents physically. For simplicity s sake, we shall divide the entire registration process into three different segments:
The ESI scheme can help workers from low-income groups to benefit from health insurance coverage and provide them and their loved ones with financial help during difficult situations. *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
50 Viewed
5 mins read
07 Nov 2024
113 Viewed
5 mins read
06 Nov 2024
341 Viewed
5 mins read
16 Apr 2025
33 Viewed
5 mins read
16 Apr 2025
What makes our insurance unique
With Motor On-The-Spot, Health Direct Click, etc we provide fast claim process , Our sales toll free number:1800-209-0144