How Will the New ESIC Wage Threshold Impact Your Health Insurance Coverage?

ESIC Raises Wage Threshold for Health Insurance Coverage

The Employees' State Insurance Corporation (ESIC) has raised the monthly wage threshold to Rs 21,000 from the current Rs 15,000 for coverage under its health insurance scheme. In a meeting held yesterday, the ESIC board also decided to give an option to existing insured persons to continue their membership even if their wage exceeds the ceiling of Rs 21,000 per month. Currently, all those insured under the ESIC scheme lose their membership and insurance cover if their wage surpasses the ceiling.

"ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," Labour Minister Bandaru Dattatreya told PTI after the board meeting of ESIC. The Labour Minister is the Chairman of the ESIC Board. Both decisions will be implemented from October 1.

Dear User,

Thank you for your question regarding the recent changes to the Employees' State Insurance Corporation (ESIC) scheme.

Starting from October 1, the ESIC has raised the monthly wage threshold for coverage under its health insurance scheme from Rs 15,000 to Rs 21,000. This means that employees with a monthly wage of up to Rs 21,000 are now eligible for the ESIC health insurance scheme.

👉 If your monthly wage is below Rs 21,000, you are automatically covered under the ESIC scheme.
👉 If your wage exceeds Rs 21,000, the ESIC has introduced a new option where you can choose to continue your membership, and you will not lose your insurance cover.

Here's a simple step-by-step guide on how to continue your ESIC membership if your wage exceeds Rs 21,000:

1. ✅ Contact your employer's HR department: They will guide you on the next steps and provide you with the necessary forms to fill out.
2. ✅ Fill out the form: Be sure to fill out all the required information accurately.
3. ✅ Submit the form: Once completed, submit the form back to your HR department.
4. ✅ Verification: The HR team will verify the information and submit the form to the ESIC on your behalf.

Please note that these changes are in accordance with the ESIC Act of 1948, and the aim is to extend social security benefits to a larger population of workers in India.

I hope this answers your question and provides a clear path forward. If you have any other questions or need further clarification, please don't hesitate to ask.

😊 Stay safe and healthy!