Like EPF, in the ESI scheme, both the employee and the employer have a contribution, know who gets the benefit

In the ESI scheme, employees get many benefits including health facilities. Employees working in private companies, factories and factories can take advantage of this scheme.
Like EPF, the ESI scheme is also run for employed people. This scheme is run by the Employees State Insurance Corporation (ESIC), in which the employees get many benefits including health facilities. Employees working in private companies, factories and factories can take advantage of this scheme, whose income is low.

The registration of the employee for this scheme is done by the employer. For this, the employee has to give information about family members. After this, an ESI card is issued to the employee. Through the ESI card, employees can get free treatment at ESI dispensary or hospital.

Contribution of both employee and employer

Like EPF, in the case of ESI, there is a contribution of both the employee and the employer. The contribution amount changes from time to time. At present, there is a rule to contribute 0.75% of the salary on behalf of the employee and 3.25% of the employee’s salary on behalf of the employer. Employees whose average salary per day is Rs 176 do not have to contribute to it.

These are the benefits

The first benefit of free treatment is given to the employees covered under the ESI scheme. Through this scheme, apart from the insured person, his dependent family members are also given the facility of free treatment. There is no maximum limit on expenditure on the treatment of the insured person and his family members.

Medical care is provided to retired employees and permanently disabled insured persons and their spouses at an annual premium of Rs 120. This payment is at the rate of 91 percent of the wages.

Maternity leave is also available through ESI. In this, women are paid 26 percent of the average salary for up to 100 weeks in delivery and up to six weeks in case of abortion.

If an insured person dies during employment, then the basic expenses or up to a maximum of Rs 10,3 are given by ESIC for his funeral. Apart from this, the dependents are given a monthly pension in a fixed proportion. The pension is divided into <> parts – the first is the wife of the insured, the second is the pension of the children and the third is the pension of his parents.

The ESI insured is given a monthly pension for the entire life till he recovers in case of temporary disability and in case of permanent disability. At the same time, dependents also get pension, unemployment allowance, free treatment after retirement.