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Employees' State Insurance (ESI) is a health insurance and public social security scheme managed by the Employees' State Insurance Corporation (ESIC). The fund was started for Indian workers and is managed as per the rules and regulations set in the ESI Act 1948. ESIC is an autonomous and statutory body under the Labour and Employment Ministry, Government of India.
ESI is important payroll compliance in India. Under this scheme, the workers are offered different medical, monetary, and other benefits from the employer. ESI scheme offers workers with health and wellness benefits and allows employees to avoid monetary loss due to tragic situations. Various benefits which the ESI scheme covers are as follows:
Entities covered under the ESI scheme
Following are the entities that are covered under the ESI scheme
Know the benefits of ESIC Registration
There are different benefits of registering under the ESIC scheme which is as follows:
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