Employee State Insurance 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.
ESIC oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESIC is an autonomous corporation under Ministry of Labour and Employment, Government of India. ESIC registration is a statutory responsibility of the employers of factory. It is mandatory according to the rules and regulation of the ESI Act 1948.