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Economics 2019-07-10

The Social Crusade of Employees State Insurance Corporation

Employees' State Insurance Corporation (ESIC), is an autonomous, self-financing social security and labor welfare corporation which was established as per the rules and regulations given in the Indian ESI Act of 1948, under Ministry of Labour and Employment, Government of India. Under the registration of this legal body or organization, employees can avail numerous benefits as per their needs and requirements, which is basically the statutory compliance in HR.
The Employees’ State Insurance Act, 1948 imparts an amalgamated need based social insurance scheme that helps to protect the interests of workers in times of dire need. Facilities such as these, enhance the performance, capabilities and also improves the health of the beneficiaries. To ensure the proper working of Statutory Compliance for ESI Fund a sturdy payroll services is a must. Let’s have a look at few of the its benefits-

Medical Benefit
Usually caters to the needs of an employee, their spouses, and family. It allows abstention from work on medical grounds.

Sickness Benefit
Under the section 46, an individual shall be given this benefit only when his sickness is certified by a medical practitioner or any other skilled person who would be specified by the corporation. This benefit is available not before three days of illness. Additionally the employee must have served at least for 78 days at work. In this, the insured person will eligible to received 70 percent of his salary in the given time period.

Enhanced Sickness Benefit
For diseases pertaining to serious medical ailment like T.B, the employees are eligible for extended benefit. However, the employee must have served the company for at least 156 days in 4 consecutive work period.

Disablement Benefit
This benefit is segregated into two types- Permanent Disablement and Temporary Disablement. In the Permanent Disablement if the employee’s injury makes him incapable for all work, he was capable of performing at the time of accident, he or she is provided with a periodical payment at a rate of hundred percent or as regulated by the Central government according to age

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