What is ESI Registration Overview
Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit, disablement benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.
Process for ESI Registration
When you choose MeraProfit for ESI Registration, we complete it in three simple steps that take minimum possible time.
Form Filling: The ESI registration form is filled by you completely and the necessary documents are submitted.
Verification: Every detail you provide is cross-checked to ensure there are no errors or omissions made. This may take a maximum of 12 days.
Submission: The ESI application along with other legal paperwork is submitted by us which requires 2 working days.
Your part of the ESI registration is completed at this point. The government reviews the application and processes your registration. Once granted, MeraProfit sends you:
The 17-digit identification code number
Employee insurance number
Temporary identity card
Documents Required For ESI Registration
- Any registration certificate or License issued under Shops & Establishment Act
- MOA & AOA in case an applicant is Company
- Partnership deed if the applicant is a Partnership Firm
- LLP Agreement in case of Limited Liability Partnership
- Registration certificate for other entities and certificate of commencement of production of factories
- PAN of the business
- PAN and Aadhar of employees
- Nominee details of the insured person
- Bank statement of the organization
Benefits Of ESI Registration
- Sickness benefits are provided to the employee at the rate of 70% of his salary in case such sickness continued for exceeding 91 days in a year, and the same is also certified.
- Medical benefits are provided to the insured person along with his family members
- Maternity benefits are provided to the women in the form of paid leaves
- 90% of the salary of the insured person is given to the family of a deceased employee, in case such death occurred while in employment
- Funeral expenses are provided in case of death of any employee covered under ESIC
- Medical care and benefits are provided after retirement or in old age.
- In case there is any permanent disablement to the insured person, 90% of his salary is provided as a monthly payment in the form of insurance benefit
- An insured person having insurance for more than three years is provided unemployment benefits which become unemployed. Such allowances are provided at the rate of 50% of the salary for one year
FAQs On ESI Registration
ESI stands for Employee State Insurance. This is a government regulated Insurance scheme for employees and their family, as health insurance covering sickness, maternity, disability, etc.
To recognize each employee, the ESI scheme allots a unique identification number to every worker. This number is called the insurance number and is used for all operational purposes.
The law of India states that it is mandatory for every employee to register within ESI. It is considered a statutory responsibility. A factory or establishment has to apply for the scheme within 15 days from the date it becomes eligible.
The contribution of employers in this scheme is 4.75% and that of employees is 1.75%, thus making a total of 6.5%.
Employees drawing wages up to Rs.21,000 per month are presently covered under the ESIC scheme with effect from 1-1-2017.
Once a factory or establishment is recognized within the ESIC Act, it has to file ESI returns two times per year. For each return filed, the underlying documents have to be submitted:
Every shop, establishment, and factory having 10 or more employees requires to get register under Employees' State Insurance.
Out of the total 6.5% amount that goes towards ESI, only 1.75% is deducted from the employee's salary, rest is contributed by the employer.
The government has introduced various health care benefits for poor families. The families covered under NHPS scheme can access medical facilities via ESI Hospitals. Besides, employees covered under the ESI scheme are entitled to medical treatment for them and their dependents.
The ESI members are entitled to unemployment cash benefit, maternity benefit and allowance in case of female employees. Besides, there is a disablement benefit also.
The employees covered under the ESI scheme are entitled to a family pension.
Yes MeraProfit.com is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done
No, You don't need to be physically present for the process, MeraProfit.com is an online catering platform all you need is an internet connection in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at the remotest location of India
If the employer fails to pay the online contribution within 21 days of the end of the month, shall be liable to pay damages at the rate of 12% per annum for each day of such default in contribution.
The ESI Scheme is administered by a corporate body called the 'Employees' State Insurance Corporation' (ESIC), which has members representing Employers, Employees, the Central Government, State Government, Medical Profession and the Parliament. The Director General is the Chief Executive Officer of the Corporation and is also an ex-officio member of the Corporation.
The ESI scheme is a self financing scheme. The ESI funds are primarily built out of contribution from employers and employees payable monthly at a fixed percentage of wages paid.
All employees of a covered unit, whose monthly incomes (excluding overtime, bonus, leave encashment) does not exceed Rs. 21,000 per month, are eligible to avail benefits under the Scheme. Employees earning daily average wage up to Rs. 176 are exempted from ESIC contribution.
The employer is liable to pay a simple interest of 12% per annum each day of default in making contribution payments.
