News Update on ESIC Coverage Changes
The Employees' State Insurance Corporation (ESIC) has recently raised the monthly wage threshold to Rs 21,000, up from the previous Rs 15,000, for coverage under its health insurance scheme. In a meeting held yesterday, the ESIC board also decided to allow existing insured persons to continue their membership even if their wages exceed the ceiling of Rs 21,000 per month.
Currently, individuals insured under the ESIC scheme lose their membership and insurance coverage if their wages surpass the ceiling. "ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," the Labour Minister announced after the ESIC board meeting. The Labour Minister serves as the Chairman of the ESIC Board.
Both decisions will be implemented from October 1. Dattatreya mentioned that raising the threshold will help bring an additional 50 lakh members to ESIC. Currently, ESIC has 2.6 crore insured persons, covering over 10 crore people, assuming four members per family.
The minister also indicated plans to increase the wage threshold for retirement fund body EPFO subscribers, which may be considered in the next meeting of the Central Board of Trustees (CBT). At present, the wage threshold is Rs 15,000 per month for coverage under its social security scheme.
The notification is yet to be published but is expected this month, providing a clearer understanding.
Warm Regards,
Praveen Devadiga
From India, Bangalore
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13The Employees' State Insurance Corporation (ESIC) has recently raised the monthly wage threshold to Rs 21,000, up from the previous Rs 15,000, for coverage under its health insurance scheme. In a meeting held yesterday, the ESIC board also decided to allow existing insured persons to continue their membership even if their wages exceed the ceiling of Rs 21,000 per month.
Currently, individuals insured under the ESIC scheme lose their membership and insurance coverage if their wages surpass the ceiling. "ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," the Labour Minister announced after the ESIC board meeting. The Labour Minister serves as the Chairman of the ESIC Board.
Both decisions will be implemented from October 1. Dattatreya mentioned that raising the threshold will help bring an additional 50 lakh members to ESIC. Currently, ESIC has 2.6 crore insured persons, covering over 10 crore people, assuming four members per family.
The minister also indicated plans to increase the wage threshold for retirement fund body EPFO subscribers, which may be considered in the next meeting of the Central Board of Trustees (CBT). At present, the wage threshold is Rs 15,000 per month for coverage under its social security scheme.
The notification is yet to be published but is expected this month, providing a clearer understanding.
Warm Regards,
Praveen Devadiga
From India, Bangalore
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is there any GO copy of ESIC amendment from 15000/- to 21000/- if you have, pls share. all are says it is effect from 1st october 2016. but GO not released.
From India, Hyderabad
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From India, Hyderabad
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Sir, it appears that the concerned government has not so far published an intention notification regarding the enhancement of the wage ceiling under the said Act. If required, you can contact the nearest office of ESIC or the appropriate government, i.e., Ministry of Labour & Employment, Central Govt., to confirm the position.
From India, Noida
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From India, Noida
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This is just a proposal.. gazette yet to release from GOI(government of India) after approvals. shafeeul
From India, Hyderabad
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From India, Hyderabad
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No any circular come from esic department till date . It was just a proposal
From India
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From India
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Yes its just proposal, unless until we receive the gazette from GOI, we can not implement it w.e.f. Oct’16.
From India, Hyderabad
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From India, Hyderabad
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In our earlier gazette notifications, the enhancement of wages limit under the ESIC legislation is prospective, not retrospective. Hence, any gazette not published before 30.09.2016 can be treated as not implemented, and you can continue to recover ESIC Contribution on Rs. 15K only for the next six months.
From India, New Delhi
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From India, New Delhi
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Dear Seniors Is any notification / GO published on the recently enhancement in the E SIC wages limit from 15000/- to 21000/- ? Pls. share if published.
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Pls confirm, till now we didn’t received any notification / GO for proceeding. Now what should we implement 15,000 or 21,000. pls clarify
From India, Madras
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From India, Madras
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Please find attached the draft notification.
The wage limit for coverage of an employee under sub-clause (b) of clause (9) of Section 2 of the Act shall be twenty-one thousand rupees a month. The said draft rules will be taken into consideration after the expiry of a period of thirty days.
From India, Surat
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The wage limit for coverage of an employee under sub-clause (b) of clause (9) of Section 2 of the Act shall be twenty-one thousand rupees a month. The said draft rules will be taken into consideration after the expiry of a period of thirty days.
From India, Surat
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Hello All of you Please find press release related to ESIC. Soon the ESIC will release new notification.
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Pls share date of applicability is not clear, all are says it is effect from 1st october 2016. but in the GO date is not specified exactly.
From India, Hyderabad
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From India, Hyderabad
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NOTIFICATION FOR ESIC LIMIT.pdf