Market Price: ₹433
World Rision Price: ₹311
ESI Registration ensures employee welfare by providing medical, sickness, maternity, and disability benefits under ESIC, mandatory for establishments with 10+ employees earning below ₹21,000 per month.
Market Price: ₹433
World Rision Price: ₹311
ESI Registration ensures employee welfare by providing medical, sickness, maternity, and disability benefits under ESIC, mandatory for establishments with 10+ employees earning below ₹21,000 per month.
pdf details here...
ESI Registration
Employees’ State Insurance (ESI) Registration is a mandatory social security scheme under the Employees’ State Insurance Act, 1948, managed by the Employees’ State Insurance Corporation (ESIC). It provides financial protection to employees in cases of medical emergencies, sickness, maternity, disability, or employment-related injuries.
ESI Registration is compulsory for establishments such as factories, shops, and businesses employing 10 or more employees (in some states 20) with wages up to ₹21,000 per month (₹25,000 for persons with disabilities). Both the employer and employee contribute towards the ESI scheme — currently, the employer contributes 3.25% of wages, while the employee contributes 0.75%.
The registration process is carried out online through the ESIC portal. Employers must submit details such as business PAN, incorporation certificate, address proof, employee details, and bank account information. Once registered, the establishment receives a 17-digit unique identification number, which is used for all ESI-related compliance and filings.
Employees registered under ESI are entitled to comprehensive benefits, including medical care for themselves and dependents, maternity benefits, unemployment allowance, disability benefits, and pension in case of death due to employment injury. Employers also benefit by fulfilling statutory obligations, avoiding penalties, and ensuring employee welfare.
In conclusion, ESI Registration not only provides social security to employees but also helps employers build a responsible and compliant workplace. It is an essential step for businesses to operate legally and protect their workforce.