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sultanshabbeer@gmail.com
If we have a group medical Insurance in our company, is it that do we have any possibilities of replacing the ESI? Help me on it.
From India, Madras
suja_nm
19

Medical Insurance is beneficial for employees who don’t come under the ESI bracket. But, for employees falling within the bracket, ESI coverage is madatory.
From India, Bangalore
nipuna
72

hi sultan,
mediclaim can not be replaced by ESIC.
there are different covers on both of them
as per the law, the employee whose annual income is less than or equal to 120000/- (one lakh twenty thousand) will be covered under ESIC.
any employee whose annual income exceeds more than that will be covered under the mediclaim insurance.
you can not replace it with ESIC at all.

From India, Delhi
sujal_03
5

Dear Sultan
There is a difference in ESIC and insurance. The main one is if you have a certain no. of employees and is below Rs. 10000 gross ESIC is compulsory. Insurance is a matter of choice.
Thanks & Regards
Sonali Wagle

From India, Thana
sumitk.saxena
252

NO esic is a social sector organisation under minisrty of labour who provides medical facilities to the employees who is working with unorganised sector with salary of Rs. 10000/- pm inclusive of all allowances. They also provide cash benefit to employees only on their contributions. But Group Medical facility only provide facility to those employees who are not covered under ESIC with cashless benefits.
From India, Ghaziabad
MANOKAVIN
5

Group Medical Insurance benefit is discretion of the Management. It is a part of welfare scheme. So donot mix up with the ESI and Medical Insurance.
You cannot replace the ESI scheme. It is a compulsory scheme and various benefits are available.
:razz: MANOKAVIN

From India, Coimbatore
deeps_19_10
3

Dear Sumit,
As per my experience, of course ESIC can not replace with Medical Facility, if employee is getting Rs. 10000/- Pm then ESIC is very compulsory.
But Group Medical Insurance facility is depend on your company policy.
In my company ESIC covered employees are also covered under (Private) group medical facility (when & as required, Insurance coverage Rs. 100000/-) and they are eligible for medical allowance (pay on salary slip_Per month @ 1250/-) also.

From India, Pune
deeps_19_10
3

Dear Sultan,
1) You can not replace ESIC with other Medical Facility. ESIC coverages is complulsory for an employee who is earning Rs. 10000/- PM.
2) You can (As per company policy) provide (Private) Medical Insurance/allowance/reimemburse along with ESIC.
Regards
Deeps

From India, Pune
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