WHAT IS ESIC REGISTRATION
Employees’ State Insurance Corporation (ESIC) registration is a mandatory process for businesses employing 10 or more employees (20 in some states) to provide employees with medical, disability, maternity, and other benefits. Governed by the Employees’ State Insurance Act, 1948, this registration ensures employees and their families receive financial protection during health-related contingencies.
To register, employers must submit the required documents, such as company registration details, employee information, and wage details, to the ESIC portal. Once registered, the employer receives a 17-digit code, and employees are allotted a unique identification number. Employers are required to contribute 3.25% of employees’ wages, while employees contribute 0.75%.
ESIC registration promotes employee welfare by ensuring access to healthcare facilities and financial aid during sickness, injury, or maternity, enhancing overall job security and satisfaction.
ORGANIZATION UNDER ESIC REGISTRATION
SHOPS
A shop is a retail establishment selling goods or services directly to customers.
RESTAURANTS
Restaurants are establishments where meals are prepared and served to customers, offering dine-in, takeout, and delivery options.
HOTELS
Hotels are establishments providing lodging, meals, and other guest services for travelers and tourists, often including amenities and recreational facilities.
CINEMAS
Cinemas are venues where films are shown to the public on large screens, offering entertainment and concessions.
TRANSPORT UNDERTAKINGS
Transport undertakings are organizations providing transportation services, including public transit, freight, and logistics, ensuring the movement of goods and people.
NEWSPAPER ESTABLISHMENT
A newspaper establishment produces and distributes printed or digital news content, covering current events, features, and advertisements.
PRIVATE EDUCATIONAL INSTITUTIONS
Private educational institutions are non-government schools or colleges providing education and training, funded through tuition fees, and often offering specialized curricula, extracurricular activities, and advanced facilities.
WELFARES FOR ESIC REGISTRATION
ESIC (Employees’ State Insurance Corporation) registration provides extensive welfare benefits aimed at ensuring social security and medical care for employees. Key benefits include:
Medical Benefits: Complete medical care for insured employees and their families, covering outpatient treatment, hospitalization, and specialist consultations, including pre-existing conditions.
Sickness Benefits: Cash compensation for employees during periods of illness, ensuring financial support when they are unable to work.
Maternity Benefits: Financial assistance and paid leave for female employees during pre and post-natal periods, covering all related medical care.
Disability Benefits: Compensation for employees who suffer employment-related injuries, covering both temporary and permanent disabilities to ensure continued financial support.
Dependents’ Benefits: Monthly pension for dependents if an employee dies due to an employment injury, providing financial security to the family.
Unemployment Allowance: Financial assistance for insured workers who become unemployed due to factory closure, retrenchment, or permanent disability.
Funeral Expenses: Lump-sum payment for the last rites of a deceased insured person.
These benefits promote employee well-being, financial stability, and job satisfaction, ensuring comprehensive coverage and support.
IMPORTANT DOCUMENTS FOR ESIC REGISTRATION
REGISTRATION CERTIFICATE UNDER FACTORIES ACT OR THE SHOPS AND ESTABLISHMENT ACT
A registration certificate under the Factories Act or Shops and Establishment Act validates legal operation and compliance with regulations.
REGISTRATION CERTIFICATE
A registration certificate is an official document confirming the legal establishment and registration of a business or entity.
PARTNERSHIP DEED
A partnership deed is a legal document outlining rights, responsibilities, and terms among partners in a partnership business.
MEMORANDUM
A memorandum is a concise document summarizing key points, decisions, or information for reference or communication purposes.
ARTICLES
Articles refer to the rules and regulations governing the internal management and operations of a company or organization.
WORKING EMPLOYEES
Working employees are individuals employed by an organization who perform tasks and contribute to its operations and goals.
PAN CARD
A PAN card is a unique 10-digit alphanumeric identifier issued by the Income Tax Department for tax purposes.
LISTS
Lists are collections of items or data organized sequentially or categorically for reference, planning, or presentation purposes.
ATTENDANCE REGISTRATION
Attendance registration is the process of recording and tracking the presence of individuals at a specific location or event.