Variable pay does not affect the ESIC rules. According to the new amendment released on 10th May 2010, any person drawing a gross salary of Rs. 15,000/- and below, with his or her dependents, is eligible for ESIC.
Sai Kumar is right in his statement. The performance bonus is an additional incentive. Your gross salary should be considered as Rs. 13,000/- and not Rs. 15,500/-. Please be very clear about your salary structure.
ESIC: An Overview
ESIC is not a liability for which you need an exemption. It is an insurance and medical facility provided to you and your dependents by the Government of India and the State Government at very nominal salary deductions made from your salary. Please check out the ESIC website on the internet.
Benefits of ESIC
ESIC, or Employees' State Insurance Scheme of India, is a multidimensional social security system tailored to provide socio-economic protection to the worker population and their dependents covered under the scheme. Besides full medical care for self and dependents, which is admissible from day one of insurable employment, the insured persons are also entitled to a variety of cash benefits in times of physical distress due to sickness, temporary or permanent disablement, etc., resulting in loss of earning capacity. The confinement in respect of insured women, and dependents of insured persons who die in industrial accidents or because of employment injury or occupational hazard, are entitled to a monthly pension called the dependents' benefit.
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