ESIC Registration

A self-financing social security and health insurance scheme, ESIC Registration provides medical benefit, sickness benefit, maternity benefit, and a number of other benefits to employees and their families, including reimbursement for funeral costs and the provision of free physical aids, among other things.

Each company or factory with 10 or more employees, regardless of compensation, must register with ESIC. All workers earning less than Rs.21,000 per month are subject to ESI payments. This government programme offers health insurance to workers whose monthly income are less than Rs. 21,000. The state government also pays a fraction of the total price of the health insurance.

For which groups is ESI enrollment mandatory?
To qualify for ESI, a business must have 10 or more of the following employees.

• Shops
• Hotels and restaurants that don’t produce anything and focus solely on “sales”
• Theaters, movies, and sneak previews
• Commercial Motor Vehicle Transportation Services
• Commercial Printing Presses
• Institutes of Independent Education (those run by individuals, trustees, societies or other organisations and Medical Institutions including Corporate, Joint Sector, trust, charitable, and private ownership hospitals, nursing homes, diagnostic centers, pathological labs)

Rate of Contribution to ESIC

As of 01.07.2019, the employee’s rate of contribution to ESIC is 0.75 percent of earnings and the employer’s rate is 3.25 percent of wages paid or due in respect of workers in each wage period.

Term of Contribution and Time of Benefit

There are two six-month “contribution periods” and two equivalent six-month “benefit periods.”

Manufacturers are required by law to register their factory with the Employees’ State Insurance Contribution System (ESIC). Compliance with the ESI Act of 1948’s regulations makes it obligatory.

Being a leading business platform and innovative idea, Techmin Consulting provides clients in India with comprehensive incorporation, compliance, advice, and management consultancy services. With Techmin Consulting, registering for ESIC in India is quick, affordable, and painless. Techmin Consulting is a one-stop shop for a variety of business filing needs, including ESI Registration, PF Registration, PF Returns, ESI Returns, Trademark Registration, and more.

If you require this service, you are requested to contact our compliance manager 08943620159 or by email at info@techmincsc.in.