Respected senior members,
i am a 2007 mba passout and i hv jst joind an fmcg compny on jul 7 07( actually they have 6-8 companies and they hv shwn me under one compny) even though i will be doing the HR work for all the companies, , my ctc is 1.2 l pa and my employers told me that i wil be covered under mediclaim policy n the entire contribution for mediclaim wil be paid by the compny.I hvnt got my mediclaim card yet.I just wanted to knw wil i be covered under ESIC since the limit has been raised frm Rs 7500 to Rs 10,000.
it would be really helpful if some one cud throw some light on this matter.
Thanks and regards.
abha dabral
From India
i am a 2007 mba passout and i hv jst joind an fmcg compny on jul 7 07( actually they have 6-8 companies and they hv shwn me under one compny) even though i will be doing the HR work for all the companies, , my ctc is 1.2 l pa and my employers told me that i wil be covered under mediclaim policy n the entire contribution for mediclaim wil be paid by the compny.I hvnt got my mediclaim card yet.I just wanted to knw wil i be covered under ESIC since the limit has been raised frm Rs 7500 to Rs 10,000.
it would be really helpful if some one cud throw some light on this matter.
Thanks and regards.
abha dabral
From India
Dear Dabral,
Greetings!
The wage ceiling for coverage under the ESI Act has been enhanced from Rs. 7500/- to Rs. 10,000/- per month w.e.f. 1.10.2006. Accordingly all employees whose salary excluding remuneration for over time work, exceeds Rs. 7500/- but does not exceed Rs. 10,000/- per month would become coverable under the ESI Act, w.e.f. 1.10.2006.
Employer can go for MEDICLAIM Policy instead of ESI. But employees must be less than or equal to 20 in the organization.
Rgds,
John N
From India, Madras
57Greetings!
The wage ceiling for coverage under the ESI Act has been enhanced from Rs. 7500/- to Rs. 10,000/- per month w.e.f. 1.10.2006. Accordingly all employees whose salary excluding remuneration for over time work, exceeds Rs. 7500/- but does not exceed Rs. 10,000/- per month would become coverable under the ESI Act, w.e.f. 1.10.2006.
Employer can go for MEDICLAIM Policy instead of ESI. But employees must be less than or equal to 20 in the organization.
Rgds,
John N
From India, Madras
thanks a lot for the prompt response.Yes they have told me that i will be covered under mediclaim.So if a compny is givin mediclaim it wnt be covered under ESIC ever rite?jst wntd to be sure .
From India
From India
let me rephrase my earlier questn .if the number of employees in da compny becomes more than 20 in say a couple of weeks thn will da compny have to change from mediclaim to ESIC and wil i be covered under ESIC??am sorry if i am repeating myself but i seriously dnt want to get into da ESIC trap.
From India
From India
Dear Frnd.
Dont mixup the ESIC with Mediclaim.
ESIC is a statuary compilation on employer(With 20 or More Employee Numbers and in side the corporation area) to cover all employees receiving Gross salary (Be Sure Gross Salary)up to 10 K PM.
As for Mediclaim is concern its all togather employers probogative to decide to give this advantage or not.It may be given to those employees also who are under coverage of ESIC and may not be.Being a employer responsibility majority of organization do give coverage of mediclaim to the employees drawing salary 10K & above.
Dont mixup the ESIC with Mediclaim.
ESIC is a statuary compilation on employer(With 20 or More Employee Numbers and in side the corporation area) to cover all employees receiving Gross salary (Be Sure Gross Salary)up to 10 K PM.
As for Mediclaim is concern its all togather employers probogative to decide to give this advantage or not.It may be given to those employees also who are under coverage of ESIC and may not be.Being a employer responsibility majority of organization do give coverage of mediclaim to the employees drawing salary 10K & above.
Dear Dabral & Sandeep,
Greetings!
To my knowledge, If employer doesnt have the strenght of 20 or more employees they can go for MEDICLAIM POLICY , GROUP INSURANCE through Workmens Compensation Managenment act.
If it is wrong, please clear.
Rgds,
John N
From India, Madras
Greetings!
To my knowledge, If employer doesnt have the strenght of 20 or more employees they can go for MEDICLAIM POLICY , GROUP INSURANCE through Workmens Compensation Managenment act.
If it is wrong, please clear.
Rgds,
John N
From India, Madras
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