Employees' State Insurance (ESI) is a Social Security and Health Insurance scheme from GOI.
The fund is managed by the Employees' State Insurance Corporation (ESIC).
The ESI scheme is applicable to all factories and companies with 10 or more employees.
An employee, whose monthly fixed salary is less than or equal to INR 21,000/- (INR 25,000/- for disabled employee) is covered under this scheme as it is mandatory.
The employer contributes 3.25% and the employee contributes 0.75%, with a monthly total contribution at the rate of 4%.
The employees registered under the scheme are entitled to:
Medical treatment for themselves and their dependents.
Unemployment cash benefit in certain contingencies.
Maternity benefit in case of women employees.
Disablement benefit and a family pension.
Outpatient & inpatient medical facilities.
Funeral expenses on death of the member.
Medical care is also provided to retired and permanently disabled insured persons and their spouses on payment of a token annual premium.