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ESI Registration
Extend medical benefits to your employees. Register for ESIC. Prices start from INR 5999/- only.
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What is ESIC Registration?
All you need to know
Employee State Insurance Corporation or ESIC Registration is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.
Any factory or business establishment having 10 or more than 10 employees, irrespective of salary, have to register with ESIC. ESI contributions must be made for all employees having a salary of less than Rs.21,000 per month. Employees with less than Rs. 21,000 monthly wages get health and sickness benefits through this statutory scheme. The state government also contribute 1/8th share cost of the medical benefit.
Who needs to register for ESI? (What establishments need ESI registration?)
The following establishments having 10 or more employees attracts ESI coverage.
- Shops
- Hotels or restaurants not having any manufacturing activity, but only engaged in ‘sales’
- Cinemas including preview theaters
- Road Motor Transport Establishments
- News paper establishments
- Private Educational Institutions (those run by individuals, trustees, societies or other organizations and Medical Institutions including Corporate, Joint Sector, trust, charitable, and private ownership hospitals, nursing homes, diagnostic centers, pathological labs)
Rate of Contribution towards ESIC:
Currently, the employee’s contribution rate towards ESIC (w.e.f. 01.07.2019) is 0.75% of the wages and that of the employer’s is 3.25% of the wages paid/payable in respect of the employees in every wage period.
However, this rate keeps on changing from time to time.
Contribution Period and Benefit Period
There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration.
ESIC registration is a statutory responsibility of the employers of the factory. It is mandatory according to the rules and regulation of the ESI Act 1948.
EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. ESIC registration in India is easy, seamless, cheapest and quickest with EbizFiling.com! Apart from an ESI Registration, EbizFiling.com also helps you with PF Registration, PF Returns, ESI Returns, Trademark Registration and a host of other services easily. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.
Simple Prices No Surprises
Choose Your Package
ESSENTIAL
₹ 5999/-
(All Inclusive)
- ESIC Registration (employees less than 20)
ENHANCED
₹ 12999/-
(All Inclusive)
- ESIC Registration (employees less than 20)
- ESIC Return for 1 year
ULTIMATE
₹ 19999/-
(All Inclusive)
- ESIC Registration (employees less than 50)
- ESIC Return for 1 year
Benefits of ESIC registration- Modified Content
All that is covered by ESIC registration
Medical Benefit
The ESIC takes care of an individual’s and his dependents’ medical expenses by full medical and surgical care. his dependents without any limit in ESI dispensaries and hospitals including a supply of medicine, ambulance services, and super specialty consultation.
Disablement Benefit
In case an employee is disabled, ESIC ensures that the employee is paid 90% of their monthly wages for the period of the injury in case of a temporary disablement. In case of permanent disablement, 90% of wages paid for the remaining life of such an employee.
Sickness benefit
Sickness benefit is also provided to the insured employees in the form of cash compensation. At the rate of 70% of wages is payable to insured workers during the periods of certified sickness for a maximum of 91 days in a year by Employees State Insurance Corporation.
Maternity benefit
ESIC also helps the insured women employees in the time of pregnancy. Maternity benefit for confinement/pregnancy is provided by ESIC for six months subject to contribution for 70 days in the preceding year.
Dependant’s benefit
In case the employee meets with an untimely death due to an injury at the place of employment, ESIC pays a dependent benefit at the rate of 90% of wage in the form of monthly payment to the dependents of a deceased insured person.
Unemployment benefit
The ESIC ensures unemployment allowances equal to 50% of wage for up to 1 year and medical care for self and family from ESI Hospitals in case of permanent invalidity due to a non-employment injury or involuntary loss of employment.
How to register for ESIC?
5 Easy Steps
1
Complete simple form
2
Submit Documents
3
Application Preparation
4
Application Submission
5
You are ESIC Registered
FAQs On ESIC Registration
Get answers to all your queries
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What is the procedure for registration of an employer?
An employer shall apply for FORM 01 within 15 days after the act becomes applicable to a unit or establishment.
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Is it mandatory for the employer to register under ESI?
Yes, it is a mandatory requirement for every employer who comes under this act to register their Factory/ Establishment.
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What are the compliance requirements?
Every employer covered under this act has to comply with various compliances such as the deposit of monthly contribution, in order to file half yearly return and report to ESIC authorities if there is any change in business activity, address, ownership, and the management, maintenance of registers and records etc.
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Whether the benefits grant to insured employees are transferable?
No, right to receive any benefits under this act is not transferable.
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What is the ESI Scheme?
It 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.
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What is a Code number?
It is a 17 digit unique identification number allotted to each of the factory/establishment registered under the provisions of the Act. Such a number is generated through ESIC portal on submission of the pertinent information by the employer or generated on receipt of Survey report from the Social Security Officer.
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Is there any provision for ‘exemption of a factory or establishment’ from ESI coverage?
Of course, an exemption is permissible from the operation of provisions of the Act subject to the condition that the employees in a factory or establishment covered are otherwise in receipt of benefits substantially similar or superior to those provided under the ESI Act. The appropriate Government may grant an exemption to such factory or establishment for a period of one year at a time prospectively in consultation with ESI Corporation. Application for renewal is to be made three months before the date of expiry of the period exemption.
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What is the time limit for payment of contribution?
The contribution shall be paid in respect of an employee into a bank duly authorized by the Corporation within 21 days of the last day of the calendar month in which the contribution falls due for any wage period (Reg. 29 & 31).
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What are the consequences of the non-late payment of employees’ contribution deducted but not paid?
Any sum deducted by the Principal employer from wages under the ESI Act shall be deemed to have been entrusted to him by the employee for the purpose of paying the contribution in respect of which it was deducted (Sec. 40(4). Non-payment or delayed payment of the Employee’s contribution deducted from the wages of the employee amounts to ‘ Breach of trust’ and is punishable under IPC 406.
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Which Cities do you provide your services?
Ebizfiling.com provides ESIC Registration all across India. You can obtain ESIC registration in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur or any other cities easily with us.
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Still, have confusion?
Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.
