ESI Registration Service in Bangalore
ESI Registration
What is Employee State Insurance Corporation
Employee State Insurance Corporation or ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit, disablement benefit and various other benefits such as funeral expenses, free supply of physical aids, etc. to the employees and their family.
Units or Establishments that have 10 or more employees, drawing the wages of up to Rs.15,000 a month are required to be registered for ESIC under the ESI Act 1948. The benefits provided by the scheme are funded from the contributions raised from covered employees and their employers at the fixed percentage of wages. At present, covered employees contribute 1.75% of the wages to the ESIC and covered employers contribute 4.75% of the wages, payable to their employees. The state government also contribute 1/8th share cost of medical benefit. ESI Registration is done through SLG Professional Solution.
All Establishments and Factories employing more than 10 employees are required to mandatorily apply for ESI registration within 15 days of the ESI Act, 1948 becoming applicable to them. ESI Registration can be done through SLG Professional Solution.
Choose ESI Registration because :
- Provides complete medical care to employees
- Includes employee’s dependents also
- Mandatory for units with >10 employees
Documents Required For ESI Registration
To be Submitted by Employer :
- Registration Certificate or Licence issued under Shops and Establishment Acts or Factories Act.
- Address Proof: Latest Rent receipt of the premises you are occupying indicating the capacity in which the premises are occupied, if applicable.
- Latest building Tax/Property Tax receipt (Photocopy).
- Memorandum and Articles of Association/Partnership Deed/Trust Deed depending on the entity that is applying for registration.
- Photocopy of certificate of Commencement of production and/or Registration No. of CST/ST (or GST once it becomes applicable).
- Copy of PAN Card
- Evidence in support of the date of commencement of production/business/first sale (e.g. Copy of First Invoice).
- Month-wise employment position, salary, etc.
- Copy of bank statement
To be Submitted by Employees :
- Family Photo in Duplicate
Advantages of ESI Registration
Any business that wishes to apply for PF needs to submit the following documents:
- It provides complete medical benefits
- It includes dependants
- It can be used at different ESI dispensaries and hospitals
- Any payments made will be reimbursed
- It takes the needs of the disabled into account
- Access to Medical care in ESI Dispensaries/Hospitals
Applicability of ESIC Registration
The following establishments employing 10 or more persons attracts ESI coverage :
- Shops
- Hotels or restaurants not having any manufacturing activity, but only providing service.
- Cinemas
- Roadside Motor Transport Establishments
- Newspaper establishments
- Private Educational Institutions and Medical Institutions
In some states, the minimum employees required for coverage is for 20 or more. A few State Governments have not extended the scheme to include Medical & Educational Institutions.
What is ESI Registration
It is a vast social security scheme designed to accomplish the task of providing social protection to the ’employees’ in the organized sector against the uncertain events of sickness, maternity, disablement and death due to an injury sustained in the course of employment and to provide medical care to the insured employees and their dependents.
The scheme provides complete medical care to the employees registered under the scheme during the period of incapacity for the recuperation of health and working capacity. It provides monetary assistance to compensate for the loss of wages during the period of absence from work due to sickness, maternity and employment injury. The scheme provides medical care to the employees’ dependents also.
All Establishments and Factories employing more than 10 employees are required to mandatorily apply for ESI registration within 15 days of the ESI Act, 1948 becoming applicable to them.
Concerns Related to ESIC Registration
- The ESI scheme is a self-financing scheme from the contributions. The ESI funds are primarily built out of contribution from employers and employees monthly at a fixed percentage of wages paid. The State Governments also contributes a 1/8th share of the cost of Medical Benefit.
- The following establishments employing 10 or more persons attracts ESI coverage :
- Shops
- Hotels or restaurants not having any manufacturing activity, but only providing service
- Cinemas
- Roadside Motor Transport Establishments
- Newspaper establishments
- Private Educational Institutions and Medical Institutions
In some states, the minimum employees required for coverage is for 20 or more. A few State Governments have not extended the scheme to include Medical & Educational Institutions.
- Any sum deducted from wages under the ESI Act will be deemed to have been entrusted to the employer by the employee for the purpose of paying the contribution for which it was deducted. Non-payment or delayed payment of the Employee’s contribution after being deducted from the wages of the employee amounts to ‘ Breach of trust’ and is a criminal offense punishable under Section 406 of IPC.
In some states, the minimum employees required for coverage is for 20 or more. A few State Governments have not extended the scheme to include Medical & Educational Institutions.
