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Unlock the Advantages of ESIC Registration

Must-Know Facts About ESIC Registration

Medical Benefit

Full medical care is provided to all persons registered under ESI and their family members – from the day the person enters insurable employment. There is no ceiling on expenditure on the treatment of an Insured Person or his family member. Medical care is also provided to retired and permanently disabled insured persons and their spouses on payment of a token annual premium of Rs.120/-.

Sickness Benefit

Sickness benefit 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. In order to qualify for sickness benefit, the insured worker is required to contribute for 78 days in a contribution period of 6 months. Workers suffering from malignant and long-term diseases can claim extended sickness benefit for upto two years at an enhanced rate of 80% of wages.

Disablement Benefit

From the day of entering insurable employment and irrespective of having paid any contribution, 90% of wage is payable so long as temporary disability continues. Permanent disablement benefit is payable at the rate of 90% of wage in the form of monthly payment, in case of permanent disablement based on the extent of loss of earning capacity as certified by a Medical Board.

Documents Required for ESIC Registration

Documents Collection

1. List of Directors of the Company

2. List of the Shareholders of the Company

3. A cancelled cheque of the Bank Account of the Company

Certification Required

1. A registration certificate obtained either under the-
(i) Factories Act
(ii) Shop & Establishment Act

2. Certificate of Registration in case of Company, and Partnership deed in case of a Partnership.

Employees Documentation

1. A list of all the employees working in the Establishment.

2. PAN Card of the Business Entity as well as all the Employees working under the entity.

3. The compensation details of all the employees

Process for ESIC Registration

Step 1 - Complete Simple Form

1. An employer needs to get himself registered on the ESIC portal

2. An employer can register on the ESIC portal by clicking on the ‘Sign Up’ button under the ‘Employer Login’ option on the home screen.

3. After clicking on the ‘Sign up’ button, the employers need to fill in the details and submit the form.

Step 2 - Submit The Documents

1. After submitting the form for sign up to the portal, the employer will receive a confirmation mail sent to the registered mail id and mobile number entered at the time of sign up.

2. The email will contain the username and password details for registering as an employer and employee under the ESIC scheme.

Step 3 - Application Submission

1. Next, log in to the ESIC portal along with the username and password received in the mail. This will redirect to the page having the option of ‘New Employer Registration.

2. Click on the ‘New Employer Registration’ option. Next, select the ‘Type of Unit’ from the drop-down list and click on the ‘Submit’ button. The ‘Employer Registration – Form 1’ will appear and the employer needs to fill in the details.

Step 4 - Application Submission

1. After submission of the Employer Registration Form-1, the ‘Payment of Advance Contribution’ page will open where the employer needs to fill the amount to be paid and select the payment mode.

2. The employer will need to pay the advance contribution for 6 months.

FAQ On ESIC Registration

FAQs On ESIC Registration

Get answers to all your queries

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.
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.
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.
Whether the benefits grant to insured employees are transferable?

No, right to receive any benefits under this act is not transferable.
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.
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.
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.
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).
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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Place your query/Request Call Back from our experts

Place your query/Request Call Back from our experts

Unlock the Advantages of ESIC Registration

Documents Required for ESIC Registration

Process for ESIC Registration

FAQ On ESIC Registration

FAQs On ESIC Registration

Get answers to all your queries

What is the procedure for registration of an employer?

Is it mandatory for the employer to register under ESI?

What are the compliance requirements?

Whether the benefits grant to insured employees are transferable?

What is the ESI Scheme?

What is a Code number?

Is there any provision for ‘exemption of a factory or establishment’ from ESI coverage?

What is the time limit for payment of contribution?

What are the consequences of the non-late payment of employees’ contribution deducted but not paid?

Still, have confusion?

Client Testimonials
We Are Rated 4.8 on Google

.

Place your query/Request Call Back from our experts

Place your query/Request Call Back from our experts

Unlock the Advantages of ESIC Registration

Documents Required for ESIC Registration

Process for ESIC Registration

FAQ On ESIC Registration

FAQs On ESIC Registration

Get answers to all your queries

What is the procedure for registration of an employer?

Is it mandatory for the employer to register under ESI?

What are the compliance requirements?

Whether the benefits grant to insured employees are transferable?

What is the ESI Scheme?

What is a Code number?

Is there any provision for ‘exemption of a factory or establishment’ from ESI coverage?

What is the time limit for payment of contribution?

What are the consequences of the non-late payment of employees’ contribution deducted but not paid?

Still, have confusion?

Client Testimonials We Are Rated 4.8 on Google

Client Testimonials
We Are Rated 4.8 on Google