ESIC Registration – Employee State Insurance Corporation

ESIC Registration – Employee State Insurance Corporation

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3,999.00

ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India.

ESIC Registration

3,999.00

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This scheme is started for Indian workers. The workers are provided with a huge variety of medical, monetary, and other benefits from the employer. Any Company having more than 10 employees (in some states it is 20 employees) who have a maximum salary of Rs. 15000/- has to mandatorily register itself with the ESIC.

 

Benefits:

  1. Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness certified and which lasts for a maximum of 91 days in any year
  2. Medical Benefits to an employee and his family members
  3. Maternity Benefit to the women who are pregnant (paid leaves)
  4. If the death of the employee happens while on work – 90% of the salary is given to his dependents every month after the death of the employee
  5. Same as above in case of disability of the employee
  6. Funeral expenses
  7. Old age care medical expenses

 

Entities Covered Under ESIC:

  1. Shops
  2. Restaurants or Hotels only engaged in sales.
  3. Cinemas
  4. Road Motor Transport Establishments;
  5. Newspaper establishments (which is not covered under the factory act)
  6. Private Educational Institutions

 

Required Documents:

  1. A registration certificate obtained either under the:
  2. Factories Act
  3. Shops and Establishment Act
  4. Certificate of Registration in case of Company, and Partnership deed in case of a Partnership
  5. Memorandum of Association and Articles of Association of the Company
  6. A list of all the employees working in the Establishment
  7. PAN Card of the Business Entity as well as all the Employees working under the entity
  8. The compensation details of all the employees
  9. A canceled cheque of the Bank Account of the Company
  10. List of Directors of the Company
  11. List of the Shareholders of the Company
  12. A register containing the attendance of the employees

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