Dear All,
This is to inform all concerned members that ESIC has increased rates of the following cash benefits without increasing the contribution rates:
1. Daily rate of SICKNESS BENEFIT encashed from about 50% of the wages to about 60% of the wages.
2. The daily rates of DISABLEMENT BENEFIT enhanced from about 70% of the wages to about 75% of the wages.
3. The daily rates of DEPENDANT BENEFIT enhanced from about 70% of the wages to about 75% of the wages.
4. The rate of FUNERAL EXPENSES enhanced from Rs. 2500/- to Rs. 3000/-
Regards,
Vaibhav
From India, Aurangabad
Acknowledge(0)
Amend(0)
5This is to inform all concerned members that ESIC has increased rates of the following cash benefits without increasing the contribution rates:
1. Daily rate of SICKNESS BENEFIT encashed from about 50% of the wages to about 60% of the wages.
2. The daily rates of DISABLEMENT BENEFIT enhanced from about 70% of the wages to about 75% of the wages.
3. The daily rates of DEPENDANT BENEFIT enhanced from about 70% of the wages to about 75% of the wages.
4. The rate of FUNERAL EXPENSES enhanced from Rs. 2500/- to Rs. 3000/-
Regards,
Vaibhav
From India, Aurangabad
Acknowledge(0)Amend(0)
Hi Vaibhav, Thanx for the update.. can u attach the ESI Circular in this regard.. Regards, Amarnath
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
ESIC CIRCULAR.jpg
Esic Benefits.docx