You may refer below link for reading about these benefits_
For ESIC: Coverage | Employee's State Insurance Corporation, Ministry of Labour & Employment, Government of India
For PF: EPFO || For Employees
If you have any further queries you may reply.
Eligibility: Employees gross wage is less than INR 21000
Employee Contribution: 1.75% of gross wage
Employer Contribution: 4.75% of gross wage
Administered by: Employee State Insurance Corporation
Benefits: To provide medical/ employment benefits to employee and his dependents.
Eligibility: All employees of an organization holding strength of more than 20 employees
Employee Contribution: 12% of Gross Wage
Employer Contribution: 12 % of Gross Wage (Again gets divided into PF (3.67%) & Pension (8.33%))
Administered by: Regional PF Authority
Benefits: To provide retirement benefits to employee and their nominees (in case of bereavement)
Hope this info helps!
AnonymousIf an employee is the sole earning member in a family, can he/ she include siblings as dependent for ESI. Also, for treatments is there a cap on expense? Thanks, Anoop
2nd March 2017
2nd March 2017
After 58 Years of Age, if a person is still in services, then contribution of ESI & Employee PF remains the same. only their Employer PF pension part (8.33% of 12%) will get closed and only PF contribution (12%) will continue.
If a person is not in services, he is eligible to get PF amount on monthly pension basis or can withdraw at once & he will be deprived of ESI benefit after completion of ESI tenure. If he/ she want to opt for ESI benefit post retirement, then he has to pay INR 120 per year to get the benefit.