ESIC: Employees State Insurance Corporation
ESIC full form is Employees State Insurance Corporation. It is a state-run organization established under the 1948 Employee State Insurance Act and is responsible for the administration of the ESI Scheme. The organization’s objective is to provide social security to the laborers and employees who earn below Rs. 21000 in India, including their family members.
It was established to offer an all-inclusive insurance system that would help the employees during emergencies like sickness, disability, accident, maternity, or death. The headquarters of ESIC is located in New Delhi. It has 23 regional offices, 26 sub-regional offices in the states and over 800 local offices across the country to support the implementation of the ESI scheme.
Structure of ESIC:
The Director-General of ESIC is appointed by the Central Government. The executive powers in the corporation are given to a standing committee formed of the members of the ESIC. Moreover, there is also a Medical Benefit Council that advises the ESIC on matters related to medical benefits.
The medical benefits are prescribed by the government after consulting the Corporation. All the beneficiaries are entitled to standard medical and surgical treatments. Sarathi Parivahan
Following some benefits are offered by ESI scheme:
- Medical Benefit
- Sickness Benefit
- Disability Benefit
- Maternity Benefit
- Benefits to Dependants
- Funeral Expenses