ESI Scheme: Through the ESI scheme operated by the Employees’ State Insurance Corporation, lakhs of employees get pension and free treatment.
The number of subscribers of the Employees’ State Insurance Corporation i.e. ESIC has increased by 3 percent i.e. 17.80 lakh in October. This information was given in the payroll data released on Wednesday. The Ministry of Labor said in a statement that by October 2024, 21,588 new institutions have been brought under the social security ambit of the ESI scheme. Let us tell you that the responsibility of operating the ESI scheme lies with the Employees’ State Insurance Corporation. Employees get many benefits under this scheme.
The ESI scheme has been designed to provide social and financial security to the employees. This scheme is operated by the Employees’ State Insurance Corporation. The ESI scheme is run for those employees who have low income. Employees working in private companies, factories and factories get the benefit of this scheme.
Who can apply in ESI scheme?
From January 1, 2017, only those employees can join this scheme whose salary is Rs 21,000 per month or less. The company is responsible for enrolling employees in this scheme. In this, some fixed amount is deposited from the salary of the employee. In this, there is a rule of contributing 1.75 percent of the salary from the employee’s side and 4.75 percent of the employee’s salary from the employer’s side.
Which employers come under the purview of ESI scheme?
Companies and establishments with 10 or more employees come under the purview of ESI scheme. However, in Maharashtra and Chandigarh, establishments with 20 or more employees come under the purview of this ESI scheme.
Employees get these big benefits in ESI scheme
In this, an ESI card is issued to the employee. If someone wants to take advantage of the free treatment available under the ESI scheme, then he has to go to ESI dispensary or hospital. Through this scheme, apart from the insured person, his dependent family members are also provided free medical treatment. Retired employees and permanently disabled insured persons and their spouses are provided medical care at an annual premium of Rs 120.
The insured person is paid cash at the rate of 70% of wages for a maximum of 91 days in a year for sick leave.
During maternity leave, women are paid 100% of their average salary for up to 26 weeks in case of delivery and 6 weeks in case of miscarriage.
If an insured employee dies during employment, then the dependents are given monthly pension in a fixed ratio. The pension is divided into 3 parts – first, the wife of the insured person, second, the children’s pension and third, the parents’ pension.
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