Hi, Is it mandatory for an IT co. to provide Medical Insurance for its employees? If mandatory, can it be provided post probation or it has to be from Day1 of the employee joining the organisation.
From India, Hyderabad
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From India, Hyderabad
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It is not mandatory for an IT company to provide medical insurance to its employees. However, if the number of employees crosses the threshold limit for coverage of ESI, i.e., 10 in some states and 20 in other states, then employees whose monthly salary does not exceed Rs. 21,000 should be covered under the ESI schemes. For other employees, there is no legal requirement to provide insurance.
Employees Compensation Act
For certain employees such as drivers and security guards, the Employees Compensation Act applies, making it necessary to have a policy under the said Act for them. This insurance is intended to cover compensation for accidents resulting in disability or death during work. There is no obligation to provide medical benefit coverage to these employees.
Medical Insurance as Employee Welfare
Medical insurance is considered an employee welfare measure and can be implemented according to your policy. It can be made applicable only to confirmed employees.
From India, Kannur
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4526Employees Compensation Act
For certain employees such as drivers and security guards, the Employees Compensation Act applies, making it necessary to have a policy under the said Act for them. This insurance is intended to cover compensation for accidents resulting in disability or death during work. There is no obligation to provide medical benefit coverage to these employees.
Medical Insurance as Employee Welfare
Medical insurance is considered an employee welfare measure and can be implemented according to your policy. It can be made applicable only to confirmed employees.
From India, Kannur
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Employee welfare questionnaire.d oc
Kerala HC- employee entitled to higher amt if recd from insurance co 18092017.pdf
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(Fact Checked)-Your information is largely correct, but it's important to note that the ESI Act applies to non-seasonal factories employing 10 or more persons. Keep sharing your knowledge! (1 Acknowledge point)