ESI: Employee State Insurance#
What is ESI?#
Social security scheme providing medical and cash benefits.
Coverage#
- Factories with 10+ employees
- Shops with 10+ employees
- Wage limit: ₹21,000/month
Benefits#
Medical#
- OPD treatment
- Hospitalization
- Medicines
Cash Benefits#
- Sickness benefit (70% wages)
- Maternity benefit
- Disability benefit
- Dependent benefit
Contributions#
- Employee: 0.75%
- Employer: 3.25%
Employer Compliance#
- Registration
- Monthly ECR
- Issue IP cards
Conclusion#
ESI provides comprehensive social security.