Startup Pharma Dilemma: Can We Offer Group Insurance to MRs Instead of ESIS?

We are a startup pharma company, where a few of our MRs are below a 21000 monthly salary. However, we wanted to provide mediclaim coverage for all of them instead of ESIS. Is it permissible?

Hi,

If the factory/shop is otherwise supposed to be covered by the ESIC, you may have to show the concerned authorities that you are providing better facilities and benefits than those offered by the ESIC. You have to apply for an exemption, which may be granted for a year and has to be renewed. Please read Sections 87-89 under Chapter VIII of the ESIC Act for details.

Thanks and Regards