What are the benefits under Employees State Insurance Act 1948?
Unemployment Allowance equal to 50% of wage for a maximum period of upto Two Years. Medical care for self and family from ESI Hospitals/Dispensaries during the period IP receives unemployment allowance. Vocational Training provided for upgrading skills – Expenditure on fee/travelling allowance borne by ESIC.
What are the benefits of ESI?
Other benefits that are offered with ESI are:
- Confinement Expenses.
- Funeral Expenses.
- Physical Rehabilitation.
- Vocational Training.
- Skill Upgradation Training under Rajiv Gandhi Shramik Kalyan Yojana (RGSKY)
What is benefit period under ESI Act?
Employees covered under the ESI Act, are required to pay contribution towards the scheme on a monthly basis. A contribution period means a six month time span from 1st April to 30th September and 1st October to 31st March. The benefit period starts three months after the closure of a contribution period.
What are the salient features of the Employees State Insurance Act?
The said act was introduced as E.S.I ACT 1948. This act basically focuses on the safety of employees by providing help in case of sickness, death in the work field, injury, maternity, etc. in this scheme complete medical care for the insured person along with dependents will be benefitted.
Who is eligible for ESI?
ESIC Registration Eligibility Any non-seasonal factory or establishment having more than 10 employees (in some states it is 20 employees) who have a maximum salary of Rs. 21,000/- has to mandatorily register itself with the ESIC within 15 days from the date of its applicability.
What is the meaning of EDLI?
The Employees’ Deposit Linked Insurance Scheme or EDLI is an insurance cover provided by the EPFO (Employees’ Provident Fund Organisation) for private sector salaried employees. This scheme works in combination with EPF and Employees’ Pension Scheme (EPS).
On which amount ESI is calculated?
The rates of the ESI contribution are calculated on the wages paid. Currently, the employee contribution is 0.75% of wages paid/payable, and employer contribution is 3.25% of wages paid/payable.
What are the application and major provisions of the Employees State Insurance Act 1948?
The Employees’ State Insurance Act, 1948 provides for grant of cash benefits to the employees in the recognised contingencies of sickness, maternity and employment injury. It also provides for medical benefit, in kind, to the employees and their families.
What are provisions pertaining to contribution and benefit period in ESI Act 1948?
There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration as under. 1st April to 30th Sept. 1st Oct to 31st March of the year following. 1st July to 31st December.
What is ESI cover limit?
ESI provides primarily sickness benefits and some other benefits to approximately thirteen crores (130 millions) Indians that include Insured Employees and their dependents. The existing wage limit for coverage under the ESIC scheme is Rs 21,000 per month and Rs 25,000 per month in the case of persons with disability.
What is the Employees’ State Insurance Act 1948?
The Employees’ State Insurance Act was enacted in 1948 with the object, as stated in its preamble, “ to provide for certain benefits to employees in case of sickness, maternity and “employment injury” and to make provisions for certain other matters in relation thereto.”
What is the ESI Act of 1948?
Introduction ESI Act of 1948 The Employees’ State Insurance Act was enacted in 1948 with the object, as stated in its preamble, “ to provide for certain benefits to employees in case of sickness, maternity and “employment injury” and to make provisions for certain other matters in relation thereto.”
When was the employee state insurance scheme launched in India?
The Employee State Insurance act was promulgated by the Parliament of India in the year 1948.To begin with the ESIC scheme was initially launched on 2nd February 1952 at just two industrial centers in the country namely Kanpur and Delhi with a total coverage of about 1.20 lakh workers.
What is employee state insurance (ESI)?
The scheme was introduced as a compulsory state insurance scheme for the benefit of the workers working in Indian industries. The Employee State Insurance act was promulgated by the Parliament of India in the year 1948.