is must to provide sickness benefits to the employee
Employee State Insurance Corporation Act 1948 was introduced by the government to provide social security and medical facilities to employees and their families. The Act is applicable to the employees drawing a gross monthly salary of Rs. 21000/-. The fund contributed towards ESIC is being managed by Employee State Insurance Corporation. Registered employees and their families are eligible to get medical benefits including surgical and obstetric treatment, ambulance services, supply of all drugs, super-specialty consultation, etc.
Apart from these, the insured employee can also enjoy sick pay benefits. So, getting registered under this act has been made mandatory for both employer and employee. For registration assistance, you can contact Patel Consultancy. We will help you in obtaining ESIC Registration code online without any hassle.
ESI REGISTRATION HIGHLIGHTS
Provides complete medical assistance to the employee
It also includes dependents
These benefits can be availed at different ESI dispensaries, clinics and hospitals
Any payment made at hospital is completely reimbursable
ESI Registration is applicable to the establishments which in an implemented area and having more than 10 employees. Once, the organization gets registered, a 17 digit unique identification code will be allotted to them.It is the statutory responsibility of the employer to get registered under this act after achieving the said employee level within 15 days.
ESIC contribution is must to be made by the employer for all employees drawing a monthly gross salary of up to Rs.21,000 per month. The employer contribution is 4.75% and employee contribution is 1.75% of the wages. The total contribution made towards ESI Fund will be 6.50% of total monthly gross.