What is ESI (Employees State Insurance)?

Employees State Insurance (ESI), it is a health insurance plan for employees. It is managed by ESIC (Employees State Insurance Corporation). Through ESI registration Medical benefits are provided to the employees working in the private sector. In this, if there are any kinds of accident and sickness happen to employees, then the benefit is provided to them by ESI scheme. ESI registration in India become mandatory for every factory and specified established who have 10 or more employees (in some cases it can be 20).

Who Required ESI Registration?

Online ESI Registration in India is compulsory for Companies, Shops, Factory, Private Educational institution, Newspaper Establishment, Transport Undertakings, Cinemas, Hotels and Restaurants that have 10 or more employees (in some cases it can be 20). If establishment completed 10 employees then it is compulsory to register under ESI act within 15 days. If registration will not take within prescribe time then department may panelized under ESI Act. Wages of such employees should be less than Rs.21,000/- per month.

Procedure of Online ESI Registration through LegalHisaab

Legalhisaab is the most famous ESI registration service provider in India. We process ESI registration Application within same days. Legalhisaab ESI experts will assist you in getting the ESI registration and also provide free consultation.

• Get Free Consult with our Experts
• Provide Documents and Details
• Our Exports will process your application in same day
• Application number shall be shared for your reference
• ESI Department will issue Certificate in within 7 working days*
• As soon as we will get your ESI, we will send you by E-mail.

Benefit of ESI Registration

There are many benefits of ESI Registration:-

• Medical Benefit: Best medical facilities are provided by ESI hospitals and dispensaries to insured person and his family member who is registered under ESI scheme.
• Sickness Benefit: In case of illness, the employee needs the most help. As per the rules of ESIC, there is a provision of giving cash compensation to the insured employee.
• Maternity Benefit: Maternity benefit for pregnant women is she will entitled to 100% benefit of her daily wages for 26 weeks. This can be further extended for a period of one month on medical advice.
• Disablement Benefit: In case of temporary disability, the ESIC pays continuous monthly pension to insured person till the injury is accrued and for permanent disability, the ESIC pays continuous pension to insured person for life time.
• Unemployment Allowance: If the employee become unemployed due to any reason than for 24 month the insured employee get 50% of his monthly salary in every month.

Steps after Obtaining ESI Registration

Once an entity obtains ESI (Employee State Insurance) registration, the following are the steps that need to be taken:

• Provide ESI number to employees: The employer needs to provide an ESI number to all employees who are eligible for ESI.

• Contribution: Both the employer and employee need to make contributions towards the ESI on a monthly basis. The contribution rate is 4% of the employee’s gross salary.

• Monthly reporting: The employer needs to submit monthly reports to the ESI department, detailing the contribution made by the employee and employer.

• Medical benefits: The employee and their dependents are eligible for medical benefits under the ESI scheme. The employer needs to facilitate the employee’s access to medical treatment.

• Claim settlements: The employee can apply for ESI benefits such as sickness, maternity, disability, and dependent benefits. The employer needs to facilitate the settlement of claims.

• Compliance: The employer needs to comply with all ESI regulations, such as providing the ESI number to employees, making timely contributions, and maintaining accurate records.

• Inspections: The ESI department may conduct inspections to ensure that the employer is complying with all ESI regulations.

It is important for the employer to ensure that all ESI regulations are followed to avoid penalties and legal issues. Employers may also seek the assistance of professional consultants or chartered accountants to ensure compliance with ESI regulations.