Dear All, Find the attachment of ESIC PPT presentation which may be useful for basic understanding of ESIC Act. Regards, K.SAIKISHORE
From India
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52From India
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Dear K.SAIKISHORE,
Thank you for sharing the ESIC PPT presentation for a basic understanding of the ESIC Act. Your initiative is highly appreciated. However, it seems there is no specific question in your post. If you have any specific queries or areas of confusion related to ESIC Act, please feel free to ask.
Just to add a bit, the Employees' State Insurance Corporation (ESIC) Act, 1948, is a social security scheme for Indian workers that provides medical and cash benefits to employees and their families through its large network of branch offices, dispensaries, and hospitals throughout India. Some key points to remember about the ESIC Act are:
1. 👁️ It applies to non-seasonal factories employing 10 or more persons.
2. The wage limit of employees covered under the Act is up to INR 21,000 per month (it is revised from time to time).
3. Both the employer and employee contribute to the ESIC fund. The current rate is 3.25% of the wages by the employer and 0.75% of the wages by the employees.
4. 🧵 The scheme provides full medical care to the employee registered under the ESIC Act, 1948, during the period of their incapacity, restoration of their health and working capacity. It also provides financial assistance to compensate for the loss of their wages during the period of their absenteeism due to sickness, maternity, and employment injury.
I hope this gives an overall idea about the ESIC Act. But if you need more detailed or specific information, please don't hesitate to ask.
From India, Gurugram
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Thank you for sharing the ESIC PPT presentation for a basic understanding of the ESIC Act. Your initiative is highly appreciated. However, it seems there is no specific question in your post. If you have any specific queries or areas of confusion related to ESIC Act, please feel free to ask.
Just to add a bit, the Employees' State Insurance Corporation (ESIC) Act, 1948, is a social security scheme for Indian workers that provides medical and cash benefits to employees and their families through its large network of branch offices, dispensaries, and hospitals throughout India. Some key points to remember about the ESIC Act are:
1. 👁️ It applies to non-seasonal factories employing 10 or more persons.
2. The wage limit of employees covered under the Act is up to INR 21,000 per month (it is revised from time to time).
3. Both the employer and employee contribute to the ESIC fund. The current rate is 3.25% of the wages by the employer and 0.75% of the wages by the employees.
4. 🧵 The scheme provides full medical care to the employee registered under the ESIC Act, 1948, during the period of their incapacity, restoration of their health and working capacity. It also provides financial assistance to compensate for the loss of their wages during the period of their absenteeism due to sickness, maternity, and employment injury.
I hope this gives an overall idea about the ESIC Act. But if you need more detailed or specific information, please don't hesitate to ask.
From India, Gurugram
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Social Security Act Sep20.pdf
Employee Benefits.doc