ESI(Employees

State

Insurance)

Objective

• Is to secure sickness, maternity, disablement and medical benefits for employees of factories and establishments in case of an employment injury or occupational hazard.

EMPLOYEES STATE INSURANCE CORPORATION

ESICIt is the premier social security organization in the country.

It is the highest policy making and decision making authority under the ESI Act and oversees the functioning of the scheme under the act.

Cont….

• The corporation comprises of members representing central and state governments, employees, employers, parliament and other medical profession.

• Union Minister of labor functions as the chairman of the corporation.

Coverage The ESI Act applies to:•Factories employing ten (10) or more persons.•Factories and establishments employing twenty (20) or more persons.•Employees of the factories and establishments in the receipt not exceeding Rs.10,000/- per month are covered in this act.

Non Coverage• Mines

• Railway running sheds

• Govt. factories and establishments and naval, military, air force

• Seasonal factories

Finances • The scheme is primarily funded by

contribution raised from the insured employees and their employers.

• Employees contribution: 1.75% of the wages

• Employers contribution: 4.75% of the wages

Registration

The employer should get his factory or establishments registered with ESI corporation within 15 days after the act becoming applicable to it, and obtain the employer’s code number.

Benefits

THANK YOU