The Employees State Insurance Act, 1948 was put into practice by the government as an integrated necessity based on the social insurance scheme. It was enforced with a drive to protect the life of employees in any kind of disease, pregnancy or accident, temporary or permanent physical disablement, or in case of employment injury which leads to death and results in loss of salary or earning capacity of an individual. Employers or Establishments having more than 10 employees, drawing the salaries of up to Rs.15,000 per month are the basic requirements to be registered under the ESI Act 1948. The benefits provided under this scheme are co-funded from the contributions from covered employees and their employers at the fixed percentage of wages. Covered employees contribute 1.75% of the wages and covered employers contribute 4.75% of the wages to the ESIC, payable to the employees.
The first step is to draft the ESI Application on behalf of your business along with the list of employees pre-registration.
The next step is the ESI registration form filled by the applicant along with the arrangement of all necessary documents.
Once the form is submitted every detail provided is cross-checked for verification to ensure there are no errors or omissions made.
The government authorities review the application and process the registration to finally grant the registration.
Complete ESI application along with other legal documents is submitted for approval.
Below is the list of documents required for the registration process?
Being registered under the ESI scheme comes with many benefits. Some of the major benefits are:
ESI stands for Employee State Insurance. This is a government-regulated Insurance scheme for employees and their families, as health insurance covering sickness, maternity, disability, etc.
Every Business, establishment, and factory having 10 or more employees working requires to get register under Employees State Insurance.
Every Business, establishment, and factory having 10 or more employees working requires to get register under Employees State Insurance.
Employee's contribution is only 1.75% which is deducted from his salary, out of the total 6.5% amount that goes towards ESI. The rest amount is contributed by the employer.
The government has announced several health care benefits for poor families. All families can access medical facilities via ESI Hospitals that are covered under the NHPS scheme. Besides, all employees covered under the ESI scheme are also entitled to medical treatment for them and their dependents.
The ESI members are entitled to unemployment cash benefit, maternity benefit, an allowance in case of female employees. Besides, there is a disablement benefit also.
All employees covered under the ESI scheme are also entitled to a family pension.
Yes Young and Bright provide online services all over India no matters wherever you are doing business all you need is an internet connection on your mobile or desktop and we are ready to get your job done
No, you donot need to be physically present for the process, with Young and Bright online platform all you need is an internet connection and the required documents no matters even if you are present at the remotest location of India.