Is Our Private Health Insurance Enough Without Following State Insurance Laws?

Dear HR Professionals,
We are having family health insurance from private insurance company for our all employees. But we are not following Employees’ State Insurance Act, 1948 & Workmen's Compensation Act, 1923.
Is it legal or illegal?
Please clarify above things
Thanks with Regards
Thirumurugan

ESI Registration and Workmen's Compensation Policy

If you have 10 employees, you should have ESI registration. It is mandatory, and you cannot replace it with any medical insurance. Moreover, no insurance company has ever provided any benefits to the insurer for their existing disease. No insurer will cover your parents aged more than 70, 80, or even 100 years, but ESI Corporation does it.

Nothing is going to happen if you do not have any Workmen's Compensation Policy until a major accident or death occurs during the course of employment. Nothing will happen if your employer can pay the compensation for death or total disability from their pocket.

In respect of employees covered under the ESI, a separate Workmen's Compensation policy to cover the above risk is not required.

Regards, Madhu.T.K