Overview of ESI Registration

Overview of ESI Registration

The Employees' State Insurance Act, 1948 was enacted by the legislature as an integrated need based on the social insurance scheme. ESIC stands for Employee State Insurance Corporation is an autonomous body created by the Ministry of Labor and Employment that governs and regulates the Employee State Insurance in India. Employee State Insurance is a self-financing social security scheme initiated for the benefits of the Indian workers by providing them with the necessary benefits such as medical facility, monetary facilities and such other benefits from his employer.

ESI is managed and governed by the rules and provisions issued by the ESIC Act 1948.

Benefits

• Sickness benefits are provided to the employee at the rate of 70% of his salary in case such sickness continued for exceeding 91 days in a year, and the same is also certified.
• Medical benefits are provided to the insured person along with his family members
• Maternity benefits are provided to the women in the form of paid leaves
• 90% of the salary of the insured person is given to the family of a deceased employee, in case such death occurred while in employment
• Funeral expenses are provided in case of death of any employee covered under ESIC
• Medical care and benefits are provided after retirement or in old age.
• In case there is any permanent disablement to the insured person, 90% of his salary is provided as a monthly payment in the form of insurance benefit
• An insured person having insurance for more than three years is provided unemployment benefits which become unemployed. Such allowances are provided at the rate of 50% of the salary for one year

Registration Procedure for ISO

• Apply online through new registration option available on the official website of ESIC esic.in
• The applicant can sign up by creating user-id and password, which can be used further for return filing or other similar activities.
• A confirmation mail is sent via registered mail id and mobile number entered at the time of sign up.
• Login using the same user-id and password for completion of application form online.
• Complete all the details of the application and the one marked with Asterisk (*) is compulsorily provided.
• After the application is completed, finally submit it by paying online the prescribed advance contribution of six succeeding months.
• The registration certificate is allotted with a 17 digit registration number by ESIC department once the application is completed.