BENEFITS OF ESI SCHEME

 

BENEFITS OF ESI SCHEME

1.       UN-EMPLOYMENT ALLOWANCE: LOSS OF JOB DOESN'T MEAN LOSS OF INCOME. ESIC Provides monthly cash allowance for a duration of maximum 24 months in case of involuntary loss of employment or permanent invalidity due to non-employment injury.

2.       DEPENDENTS’ BENEFIT: THOSE WHO DEPEND ON YOU ALSO HAVE US TO DEPEND ON. ESIC provides monthly payment apportioned among dependents in case of death due to employment injury.

3.       DISABLEMENT BENEFIT: DISABILITY DOESN'T MEAN INABILITY TO EARN. ESIC provides continuous monthly payment till injury lasts for temporary disablement and for whole life for permanent disablement.

4.       MATERNITY BENEFIT: WELCOME YOUR BABY WELCOME THE BENEFITS. ESIC provides 100% of average daily wages in cash up to 26 weeks in confinement and 6 weeks in case of miscarriage, during maternity leave and 12 weeks for commissioning mother and adopting mother.

5.       SICKNESS BENEFIT: SICK LEAVE IS NOT LEAVE OF EARNING. ESIC provides 70% of average daily wages in cash during medical leave, upto 91 days in two consecutive benefit periods.

6.       MEDICAL BENEFITS: WE TAKE CARE OF YOUR MEDICAL NEEDS. ESIC provides reasonable Medical Care for self and family from day one of entering into insurable employment.

APPLICABILITY

The ESI Act is applicable to all non-seasonal factories employing 10 or more persons. The State Governments have extended the coverage of the Act to establishments employing 10 or more persons in the certain States/UTs.

The Central Govt. has extended the coverage to establishments employing 20 or more Persons, where Central Govt. is the appropriate Govt.

The existing wage limit for coverage under the Act effective from 01.01.2017 is Rs.21,000/- per month (Rs.25,000/- per month in the case of Persons with Disability).

CONTRIBUTION

The rates are revised from time to time. Currently, the employee's contribution rate (w.e.f. 01.07.2019) is 0.75% of the wages and that of employer's is 3.25% of the wages paid/payable in respect of the employees in every wage period.