ESIC
will provide certain benefits to employee in case of sickness, maternity and
employment injury and to make provisions for related matters.
It
is applicable when your company having more than 10 employees and the eligibility
criteria will be as follows.
Employees
who is getting less than 15k gross salary
Covers
dependents of insured persons
Employees
have to contribute for ESIC? How much employee has to contribute for ESIC?
Yes,
Employee has to contribute 1.75% on his gross salary even employer has to
contribute 4.75% of employee gross. Again this fee has to be submitted before
21st of every month.
Important Features
Medical Benefits – Following are free if you undergoing any Consultation,
Medicines, Lab test, special aids etc.,
Sickness Benefits – Extended sickness benefits up to 2 years for long term
disease of 3 years, Enhanced Sickness Benefits up to 7 days & 14 days
Maternity Benefits – Its applicable for lady employee or wife of insured
employee. Benefits will be available for a period of 12 weeks and
hospitalization charges.
Disablement benefits – In case of employment injury or occupational disease,
Temporary disablement benefits, Permanent disablement benefits.
Dependants’ benefits – In case of death of an employee because of
employment injury or occupational disease.
Funeral expenses – Up to rupees 10,000
For any investment related details please visit us
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