Question
ESIC Scheme.
Answer :
Word Count : 680
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Skip in 10
ESIC stands for Employees State Insurance Corporation. The Employees state insurance was set up to fulfill the need for a comprehensive insurance system that would safeguard the needs of the employees in emergencies like sickness, disability, maternity or death. Apart from the workers, the act promises reasonable health care to the immediate dependants of the workers. The ESI (Employees State Insurance) is administered by the ESIC (Employee State Insurance Corporation). The benefits given
by the ESIC are in line with the conventions of the International Labour Organization. The Finance required for this scheme is drawn mainly from employers and the workers. The contribution of the employers is a percentage of the wages being paid to the employees. The contribution of the employees is a percentage that is slightly lower than that paid by the employers. The government also shares the expenses incurred while providing health care. The employer is supposed to pay his part of the contribution for every employee. The employees contribution
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