Employee State Insurance is a self-financing social security scheme and health insurance plan for
Indian workers. Governed by the ESI Act, 1948, it is managed by Employees’ State Insurance Corporation (ESIC)
under the Ministry of Labour and Employment. ESIC is expected to manage the fund as per the rules and
regulations set forth by the Act.
ESI comes into the picture when a company or any other entity employs 10 or more employees, but applies only to
low-earning employees. According to the Act, any employee earning less than Rs. 15,000 per month needs to
contribute 1.75% of his/her pay towards the ESI, while 4.75% will be contributed towards his/her ESI by the
company.The ESI scheme provides tremendous benefits to the employees, and has a large network of dispensaries,
and hospitals throughout the country for facilitating fast and efficient medical care.
private equity investors and angel investors to gain an insight into the business for making a investment decision.
ESI contributions must be made by the employer for all employees having a salary of less than Rs.15,000 per month. The employer must contribute 4.75% and employee must contribute 1.75% of the wages for ESI.
Organizations under ESI coverage must file annual return showing the changes if any during the preceding year. Return of contributions enclosing copy of all ESI contributions paid must be submitted once every six months.
Employee's State Insurance Corporation(ESI) is a self-ESI provides employees registered the scheme with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are also entitled for sick pay benefits.
ESI Registration for Employers having more than 10 employees. The Employer must contribute 4.75% of the Employees wages towards ESI. Once, registered the organization is allotted a 17 digit unique identification code.
1. Once the documents are ready, the company can apply for registration by submitting the Employer’s
Registration Form (Form-1).
2. A PDF format of the form is available on the website. Fill in the form and submit it to ESIC for registration on the official website.
3. Once verified, a registration number, a 17-digit unique identity will be provided to the organization. The ESI filings can be done once you receive the 17-digit number.
4. Employees registered under the scheme get an ESI card after submitting a form with photographs and details of family members.
5. Although the registration is permanent, and the number is valid for the lifetime of the company, any new changes, such as employee additions, need to be intimated to the ESI.
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