ESI Registration
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Employee State Insurance Registration is applicable to all the companies with having more than 10 employees drawing a maximum monthly salary of Rs. 21000/-. ESI Registration is to be done with Employee State Insurance Corporation who manages and offer various medical and monetary benefits to these employees.
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Introduction
What is ESI Registration
Employee’s State Insurance (ESI) Scheme runs under an independent authority- Employee State Insurance Corporation which falls under the jurisdiction of the Ministry of Labour & Employment. This scheme is designed to provide socio-economic protection to employees working in a company. Medical benefits, sickness benefits, maternity benefits, and various other benefits to employees and their families are covered under this scheme. The scheme also extends financial assistance and medical care to the employees along with their family members insured under ESI Act. The employer and employee need to contribute to the ESIC and hence, it can be called a self-financing scheme. The employer needs to register under the ESI Scheme which can be taken online at www.esic.nic.in (Government portal) once the employer falls under the obligation of taking this registration.
Check whether your entity is covered under ESIC: (having more than 10 employees)
- Non-Seasonal factories employing more than 10 employees
- Shops
- Hotels
- Restaurants
- Cinemas including preview theatres
- Road-motor transport undertakings
- Non-Banking Financial Companies
- Port Trust
- Airport Authorities
- Warehousing establishments
- Private Medical Institutions, Educational institutions and
- Road-motor transport undertakings
Why Get ESIC?
Benefit of ESIC
Medical Assistance
The scheme provides the medical assistance and treatment to the insured person covered under this said act along with his/ her families as and when required. The benefit is given in kind by the state government through Model Hospitals run by ESIC (except in Delhi) without linking to employee’s wages and contributions.
Impairment Benefits
Disabled employees can get are eligible for getting 90% of their monthly salaries as disablement benefits.
Dependent Assistances
During the employment tenure, in case of sudden death of the employee, the dependants of the deceased employee will receive 90% of his/her monthly salary.
Maternity Benefit
This benefit is designed for Pregnant women to whom the benefits are payable up to 26 weeks. The said period can be extended by 30 more days on medical instruction. To enjoy the benefit, employees are required to contribute their wages/ salaries for 70 days in the preceding 2 contribution periods.
Sickness Aids
With 70% of the monthly wage, absence from work due to illness can be taken for a maximum of 91 days per year
Cremation Expenses
An additional amount of Rs.10,000 towards funeral expenses is provided to the family of the deceased employee.
Process
ESIC Registration Process In Easy Steps
Filing dates for ESI
Payment: 15th of every month
Payment: 15th of every month
Filing dates for PF
Payment: 15th of every month
Payment: 15th of every month
Documents required
Documents required for ESI Registration
Faq
Frequently Asked Questions (FAQ)
No, the scheme will remain enforced till he continues to be part of the same organization irrespective of the fact that he/ she is earning more salary than 21000/- per month.
To verify the details of the employee, the ESI Scheme issues a Unique Identification number to each employee or worker which is called as Insurance number and the same can be used for all operational purposes.
The universal rule to be qualified for ESI (Employees’ State Insurance) registration is to have 10 or more employees/workers. However, in few states and regions, ESI is applicable only if there are more than 20 employees.
Once the company/entity falls under the eligibility criteria, the registration needs to be taken within 15 days from the date it become eligible. This is the statutory responsibility of the shop/establishment or an entity.
No, the benefits under this scheme is non-transferable.
In respect of an employee the contribution shall be paid in a properly registered bank of the Company, within 21 days of the last day of the calendar month in which the contribution is due for any period of wage (Reg. 29 & 31).
