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ESIC-Registration
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What is ESIC Registration?
Employee State Insurance Corporation or ESIC Registration is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.
Any factory or business establishment having 10 or more than 10 employees, irrespective of salary, have to register with ESIC. ESI contributions must be made for all employees having a salary of less than Rs.21,000 per month. Employees with less than Rs. 21,000 monthly wages get health and sickness benefits through this statutory scheme. The state government also contribute 1/8th share cost of the medical benefit.
Who needs to register for ESI? (What establishments need ESI registration?)
The following establishments having 10 or more employees attracts ESI coverage.
- Shops
- Hotels or restaurants not having any manufacturing activity, but only engaged in ‘sales’
- Cinemas including preview theaters
- Road Motor Transport Establishments
- News paper establishments
- Private Educational Institutions (those run by individuals, trustees, societies or other organizations and Medical Institutions including Corporate, Joint Sector, trust, charitable, and private ownership hospitals, nursing homes, diagnostic centers, pathological labs)
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Rate of Contribution towards ESIC:
Currently, the employee’s contribution rate towards ESIC (w.e.f. 01.07.2019) is 0.75% of the wages and that of the employer’s is 3.25% of the wages paid/payable in respect of the employees in every wage period.
However, this rate keeps on changing from time to time.
Contribution Period and Benefit Period
There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration.
ESIC registration is a statutory responsibility of the employers of the factory. It is mandatory according to the rules and regulation of the ESI Act 1948.
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Frequently Asked Questions
ESIC (Employees’ State Insurance Corporation) Registration is a social security scheme for employees in India that provides medical, financial, and insurance benefits.
Any business with 10 or more employees (in most cases) earning wages up to the prescribed limit must complete ESIC registration under the ESIC Act.
ESIC provides medical care, sickness benefits, maternity benefits, disability coverage, and dependent benefits to employees and their families.
Yes, ESIC registration is mandatory for eligible establishments meeting employee count and wage criteria under the law.
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