The Employees’ State Insurance (ESI) scheme is a social security scheme managed by the Employees’ State Insurance Corporation (ESIC) according to the rules and regulation stipulated in the ESI Act,1948 under the administrative control of Ministry of Labour & Employment, Government of India. It provides medical, sickness, maternity, disability, and dependent benefits to employees earning wages as per ESIC guidelines.
For all employees earning ₹21,000 (US$250) or less per month as wages, the employer contributes 3.25% and the employee contributes 0.75%, total share 4%. This fund is managed by the ESI Corporation (ESIC) according to rules and regulations stipulated there in the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family. ESI scheme is a type of social security scheme for employees in the organised sector.
The employees registered under the scheme are entitled to medical treatment for themselves and their dependents, unemployment cash benefit in certain contingencies and maternity benefit in case of women employees. In case of employment-related disablement or death, there is provision for a disablement benefit and a family pension respectively
