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✔ ESIC refers to the Employees’ State Insurance Corporation, a self-funded program offering social security and health insurance benefits to workers in India.
✔ This scheme is compulsory for all factories and establishments with 10 or more employees, and it applies to workers earning below ₹21,000 per month.
✔ Both the employer and employee are required to contribute monthly, with current rates set at 3.25% and 0.75% of the employee’s wages, respectively.
The ESIC scheme is applicable to all factories and establishments with a workforce of 10 or more employees. It covers workers who earn less than ₹21,000 per month.
Both the employer and employee are required to contribute to the ESIC fund on a monthly basis. The current contribution rates are 3.25% of wages from the employer and 0.75% from the employee.
ESIC offers a range of benefits, including financial support during sickness, maternity, and work-related injuries. Additionally, it provides medical care to insured employees and their family members.
To make a claim, the insured employee must submit the relevant forms and supporting documents to the nearest ESIC branch for further processing.
ESIC ensures access to healthcare services for insured individuals and their dependents through a network of its own hospitals and dispensaries.
The ESIC coverage remains valid even when an employee changes jobs, allowing them to continue receiving benefits without interruption.
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