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Employees’ State Insurance Corporation (ESIC)Registration

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Employees’ State Insurance Corporation (ESIC)Registration

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Overview

✔ ESIC stands for the Employees' State Insurance Corporation, which is a self-financing social security and health insurance scheme for Indian workers.

✔ The scheme is mandatory for all factories and establishments employing 10 or more people, and workers earning less than 21,000 rupees per month are eligible for coverage.

✔ The employer and employee must make monthly contributions, currently at 3.25% and 0.75% respectively

Eligibility

The ESIC scheme is mandatory for all factories and establishments employing 10 or more people, and workers earning less than 21,000 rupees per month are eligible for coverage.

Employee and employer contribution

The employer and the employee must make contributions to the ESIC fund every month. The current contribution rate is 3.25% for the employer and 0.75% for the employee.

Benefits

ESIC provides benefits for sickness, maternity, and employment injury, as well as medical facilities to insured employees and their dependents.

Claim Process

In the event of a claim, the employee must submit the necessary forms and supporting documents to the nearest ESIC office for processing.

Medical Facilities

ESIC provides access to medical facilities for insured employees and their dependents through a network of ESIC hospitals and dispensaries.

Portable account:

The ESIC coverage is portable, meaning that employees can continue to receive benefits even if they change employers.

  • Eligibility

    Organizations or companies that are eligible to participate in the LWF scheme must meet certain criteria, such as having a minimum number of employees or operating in a specific industry.

  • Contributions

    Organizations and companies must make contributions to the LWF, with the amount and frequency of the contributions determined by the relevant laws and regulations.

  • Benefits

    Organizations and companies that are registered with the LWF may be eligible to receive certain benefits, such as financial support for worker welfare programs.

  • Record-keeping

    Organizations and companies must keep accurate records of their contributions to the LWF and other relevant information.

  • Penalties

    Organizations and companies that fail to register for the LWF or comply with their obligations under the LWF scheme may be subject to penalties, legal action, and negative publicity.

Documents Requirements

Required in Soft Copy Only

Documents of Applicant

  • PAN Card of Business and all Employees
  • Details of all employees, including name, age, gender, salary, and bank account information
  • Proof of contribution, such as a receipt or bank statement showing the payment of ESIC contributions
  • Registration Certificate under Factories Act, or Shops and Establishment Act.
  • Incorporation Documents
  • Cancelled Cheque of Applicant
  • A list of all the employees, List of directors of the company, List of the shareholders of the company.
  • The compensation details of all the employees & a register containing the attendance of the employees.
Required in Soft Copy Only

Business Address Proof

  • If Premises is Owned Sale Deed ( Ownership Documents), Electricity Bill / Propert Tax
  • If Premises is Rented Rent Agreement , Electricity bill, NOC from Owner of the premises

Frequently Asked Question

The Employee State Insurance Corporation (ESIC) insurance number, also known as the ESIC number, is a unique identification number issued to individuals who are enrolled in the ESIC insurance scheme in India.
In India, employers are liable to register under the Employee State Insurance (ESI) Act if they have a factory or establishment employing 10 or more persons. In case of a restaurant, hotel, or a similar establishment, 20 or more persons must be employed.
If an entity is liable to register for Employee State Insurance (ESI) but fails to do so, the consequences can include:Monetary penalties, Legal action, Ineligibility for benefits, Reputation damage, Difficulty in resolving disputes
Once registered under ESI, all the compliances need to be done in spite of the fact that the number of employees reduces from 10.
Whether an employee can use their ESI benefits at a private hospital will depend on the laws and regulations in their jurisdiction, as well as the specific terms and conditions of their ESI coverage. In some cases, employees may be able to use their ESI benefits at private hospitals that are recognized and empaneled under the ESI scheme.
The Employee State Insurance (ESI) scheme in India is mainly applicable to employees and not to parents. The ESI Act provides social security benefits to workers in the organized sector and their dependents, including employees, their spouses, and children.
The Employee State Insurance (ESI) code number is a unique identifier assigned to an entity registered under the ESI Act in India.
The Employee State Insurance (ESI) sub-code number is a unique identifier assigned to a specific unit or branch of an entity registered under the ESI Act in India.
An employee declaration for Provident Fund (PF) is a written statement by an employee confirming their personal details and employment information for the purpose of enrolling in the PF scheme.

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