It is mandatory for all companies having more than 10 employees. Representative State Insurance Corporation or ESIC is a self-financing government managed savings and health care coverage conspire which gives health advantage, disorder advantage, maternity advantage, disablement advantage and different advantages, for example, memorial service costs, free supply of physical guides and so forth to the workers and their family.
Documents to be submitted by the employer are- the registration certificate or license issued under the shops and establishment act or factories act, the address proof, latest building tax or property tax, the MOA and AOA or Partnership Deed, Trust Deed based on the entity, the photocopy of certificate of Commencement of production and/or Registration No. of CST/ST (or GST once it becomes applicable), the copy of PAN Card, the evidence in support of the date of commencement of production/business/first sale (e.g. Copy of First Invoice)., the monthly employment position, salary etc. the copy of bank statement. The documents to be given by the employee are- the family Photo in Duplicate.
1) It provides complete medical benefits
2) It includes dependants
3) It can be used at different ESI dispensaries and hospitals
4) Any payments made will be reimbursed
5) It takes the needs of the disabled into account
6) Access to Medical care in ESI Dispensaries/Hospitals