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Employees’ State Insurance (abbreviated as ESI) is a self-financing social security and health insurance scheme for Indian workers. This fund is managed by the Employees’ State Insurance Corporation (ESIC) according to rules and regulations stipulated there in the ESI Act 1948. The Employees’ State Insurance (ESI) Scheme is one of the most popular schemes among employees engaged in various economic sectors in entire India.

When is ESI Required?

ESI Registration is required when a company/firm/organization employs 10 (in few Indian States and UTs, this number is 20) or more persons, with individual wage/salary falling under the threshold limit of INR 15,000 per month. After registration, ESIC gives recognition to the employing entity and its employees through allotting a 17-digit unique identification code

Benefits of ESI Registration

• Sickness benefits in form of salary at the rate of 70%, in case of any certified sickness lasting for a maximum of 91 days in any year.
• An array of medical benefits and facilities to the employee and his/her family.
• Maternity benefit to pregnant woman employees in form of paid leaves for three months.
• In case of the death of an employee caused by any occupational hazard, ESIC pays 90% of his/her salary to his/her dependents every month.
• Disability to work will be paid at the rate of 90% of the monthly salary of the concerned employee.
• Other benefits offered to employees by ESIC include funeral expenses compensation, physical rehabilitation, vocational rehabilitation, old-age medical care, etc.

Documents required for ESI registration

1. Copy of pan of company/partnership/firm.
2. Copy of Certificate of Incorporation / Registration certificate.
3. Copy of Bank Statement.
4. Copy of all licenses issued in the name of the establishment.
5. A canceled cheque.
6. Copy of Electricity bill.
7. Copy of rent/ lease agreement.
8. Copy of pan and voter id of directors/partners.
9. Copy of Board Resolution.
10. List of all employees employed directly by the company or by the contractor.