Employee State Insurance Corporation is the full form for ESIC. Ministry of Labour and employment and Government of India has created this autonomous body by law.
This is the scheme initiated to benefit Indian workers who has a maximum salary of rupees 15,000 or less. Under this scheme, workers are provided with some benefits including medical benefits, monetary benefits and other benefits. Any organization having number of employees more than 10 or in some states 20 have to register itself under this scheme.
Some of the benefits under this scheme are enumerated below:
The procedure that is to be followed after the verification of the form-1 is completed is as given below:
Government of India has instructed under section 1(5) of ESI act to cover the following entities under this act:
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