๐ฅ ESIC – A Must-Know Social Security System for HR Professionals
๐ฅ ESIC – A Must-Know Social Security System for HR Professionals The Employees’ State Insurance (ESI) scheme, governed under the ESI Act, 1948, is more than a legal obligation—it acts as a strong financial and medical safety net for employees and their dependents during uncertain times. ๐ Coverage Essentials ✔ Applicable to establishments with 10 or more employees ✔ Covers employees earning up to ₹21,000/month (₹25,000 for PwD) ✔ Once enrolled, coverage continues till the contribution cycle ends ๐ฐ Contribution Split ✔ Employee: 0.75% ✔ Employer: 3.25% ➡ Total: 4% of wages ๐งพ Enrollment Workflow • Employer registration on ESIC portal • Employee KYC and documentation • IP number generation • Temporary ID creation • E-Pehchan card for availing benefits ๐ Key Benefits ✔ Medical care for employee & family ✔ Sickness pay (~70% wages) ✔ Maternity benefit (up to 26 weeks) ✔ Disablement & dependent pensions ✔ Funeral expense support ⚙️ HR Compliance Checklist ...