Employees' State Insurance Corporation (ESIC)

Employees' State Insurance Corporation (ESIC)

Employees' State Insurance Corporation (ESIC) is a comprehensive Social Security Scheme designed to accomplish the task of socially protecting the 'employees' in the organized sector against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families.

The scheme provides full medical care to the employee registered under the scheme during the period of his incapacity for restoration of his health and working capacity. It provides financial assistance to compensate the loss of his/ her wages during the period of his abstention from work due to sickness, maternity and employment injury. The scheme provides medical care to his/her family members also.

Units or Establishments that have 10 or more employees, drawing the wages of up to Rs. 21,000/- a month are required to be registered for ESIC under the ESI Act 1948. The benefits provided by the scheme are funded from the contributions raised from covered employees and their employers at the fixed percentage of wages. At present, covered employees contribute 1.75% of the wages to the ESIC and covered employers contribute 4.75% of the wages, payable to their employees. The state government also contribute 1/8th share cost of medical benefit.

Benefits:

  • Provides complete medical care to employees
  • Includes employee's dependants also
  • Mandatory for units with > 10 employees

Documents Required :

For Sole Proprietor :

  • Copy of PAN Card of the proprietor.
  • Copy of Aadhar Card of the proprietor.
  • 1 Passport size photo of the proprietor.
  • Copy of Rental Agreement of Business Premises.
  • Copy of latest electricity bill or Property Tax paid receipt of the premises.
  • Latest one month current account statement.
  • Digital Signature Certificate of proprietor.
  • Employee details list – format will be shared later.

For Partnership Firm :

  • Copy of Partnership PAN Card.
  • Copy of Form – C Registration.
  • Copy of Partnership Deed.
  • Copy of Rental Agreement of Business premises.
  • Copy of latest electricity bill or Property Tax paid receipt of the premises.
  • Copy of PAN Card of all the Partners.
  • Copy of Aadhar Card of all the Partners.
  • Passport size photo of all Partners- 1 each.
  • Latest one-month current account statement.
  • Digital Signature Certificate of any one Partner.
  • Employee details list – format will be shared later.

For Limited Liability Partnership :

  • Copy of LLP PAN Card.
  • Copy of Incorporation Certificate of LLP.
  • Copy of LLP Agreement.
  • Copy of Rental Agreement of Business Premises.
  • Copy of latest electricity bill or Property Tax paid receipt of the premises.
  • Copy of PAN Card of all the Partners.
  • Copy of Aadhar Card of all the Partners.
  • Passport size photo of all partners- 1 each.
  • Latest one-month current account statement.
  • Digital Signature Certificate of any one Partner.
  • Employee details list – format will be shared later.

For Company :

  • Copy of Company PAN Card.
  • Copy of Incorporation Certificate.
  • Copy of MOA and AOA.
  • Copy of Rental Agreement of Business Premises.
  • Copy of latest electricity bill or Property Tax paid receipt of the premises.
  • Copy of PAN Card of all the Directors.
  • Copy of Aadhar Card of all the Directors.
  • Passport size photo of all Directors- 1 each.
  • Latest one-month current account statement.
  • Digital Signature Certificate of any one Director.
  • Employee details list – format will be shared later.

Procedures :

  • Collection of Documents
  • Preparation and submission of Application
  • Verification by concerned authority
  • Submission of further documents, if any required by the authority on verification. It must be noted that it is Client / Company's responsibility to provide the required or requested documents from the authorities.
  • Approval

Time :

  • ESIC Registration – 10 to 15 Working Days.

Fees :

  • Sole Proprietorship up to 15 Employees – ₹6,000
  • Partnership up to 15 Employees – ₹6,000
  • Limited Liability Partnership up to 15 Employees– ₹6,000
  • Company up to 15 Employees – ₹6,000

Note : Preparation of Digital Signature Certificate (if required) will be charged separately: ₹2,000

Proceed