Employees' State Insurance Scheme (ESIC) Registration

Mandatory for those where 10 or more persons employed
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Generally Takes 7-15 days

Employees State Insurance Scheme (ESIC)

Employees' State Insurance (abbreviated as ESI) is a self-financing social security and health insurance scheme for Indian workers. The fund is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948. ESIC is a Statutory Body and Administrative Ministry is Ministry of Labour and Employment, Government of India.

The Employees' State Insurance Corporation (ESIC) today raised the monthly wage limit to Rs 21,000, from the existing Rs 15,000, for coverage. The ESIC board also decided to give an option to existing insured persons (IP) to continue their membership even if their salary raises the limit of Rs 21,000 per month.

Features:-

Medical Benefits:- The Employee State Insurance Corporation takes care of an individual's medical expenses by providing reasonable medical care. This cover comes into effect from day one of the individual's employment.
Disability Benefit:- In case an employee is disabled, ESIC ensures that the employee is paid their monthly wages for the period of the injury in case of a temporary disablement or for the remainder of the employee's life in case of a permanent disablement.
Maternity Benefit:- ESIC helps an employee welcome their baby to a household which has been showered with benefits. ESIC provides a total of 100% of the average daily wages for a period of to 26 weeks from the time of going into labor and 6 weeks in case of a miscarriage. 12 weeks of pay is provided in the case of an adoption.
Sickness Benefit:- ESIC ensures that there is a flow of cash coming into the employee's household during medical leave. 70% of the average daily wages of an employee is paid during medical leave for a maximum period of 91 days in two successive benefit periods.
Unemployment Allowance:- ESI provides a monthly cash allowance for a maximum period of 24 months in case of permanent invalidity due to a non-employment injury or due to involuntary loss of employment.
Dependent's Benefit:- In case the employee meets with an untimely death due to an injury at the place of employment, ESIC will provide monthly payments apportioned among the surviving dependents.
Confinement Expenses
Funeral Expenses
Physical Rehabilitation
Vocational Training
Skill Upgradation Training under Rajiv Gandhi Shramik Kalyan Yojana (RGSKY)

Required Documents:-

Certificate of Registration (in case of a private limited company) of the company or establishment
License or a registration certificate which can be obtained under the Shops and Establishment Act or the Factories Act
Certificate of Registration for every entity and for the commencement of production of factories
Detailed list of employees along with their monthly compensation
List of partners, shareholders, and directors of the company or establishment
The company's bank statements along with sufficient evidence about the commencement of operations
Address proof and PAN Card of the business establishment or company

Compliances:-

ESIC Return filling and payment can be both done at the same time. Hence, the ESI return due date is the same as that of payment. I.e., on or before 15th of every month.ESI return is done on a half-yearly basis and the due dates are fixed as 11th of November and May.