Employees State Insurance Corporation (ESIC)

ESIC stands for the Employees' State Insurance Corporation, and it is a statutory body established under the Ministry of Labour and Employment, Government of India. ESIC is responsible for providing social security and healthcare benefits to employees working in various industrial establishments across India. It was established in 1948 under the Employees' State Insurance Act, 1948, and it is headquartered in New Delhi.

ESIC provides a range of benefits to eligible employees, including medical care, sickness benefits, maternity benefits, disability benefits, and dependent benefits. The scheme covers almost all industrial establishments with 10 or more employees, and it is funded by both employers and employees. Employers contribute 4.75% of the employee's wages towards the scheme, while employees contribute 1.75% of their wages.

ESIC operates through a network of regional and sub-regional offices spread across different states and union territories. It has a vast network of hospitals, dispensaries, and clinics that provide medical care to insured persons and their dependents. ESIC also has tie-ups with private hospitals and clinics to provide additional medical facilities to insured persons.

The benefits provided under ESIC are comprehensive and cover all aspects of healthcare, including preventive and curative measures. The medical benefits include outpatient treatment, inpatient treatment, diagnostic services, and medication. ESIC also provides benefits like funeral expenses and rehabilitation services for employees who suffer from occupational injuries or diseases.

In summary, ESIC is an important social security scheme that provides healthcare and other benefits to employees working in industrial establishments. It is a comprehensive scheme that covers a wide range of benefits and is funded by both employers and employees. ESIC contributes significantly to the overall welfare of employees and their families and plays a vital role in promoting social and economic development in India.