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Benefits of Employees State Insurance Corporation

Benefits of Employees State Insurance Corporation

The Employees State Insurance Corporation (ESIC) is providing financial protection to the members and their dependents in case of health contingencies such as sickness, maternity, health disabilities; death or temporary or permanent disability due to an employment injury.

ESIC provides the number of benefits and not only medical benefits but also financial security in a hard time like unemployment etc.

Some of the benefits under ESIC are mentioned below:

  1. Medical Benefits: The medical benefits are covered from the day the member comes into employments. It takes care of the individual medical expenses along with the medical treatments and care.
  2. Disability Benefits: ESIC bifurcated the benefit in two types of Disability

  1. Maternity Benefits: To help the women in nourishment of the baby, ESIC provided the financial security to the mother in terms of providing sum of 100% of the average daily wages up to 26 weeks from the time of going into labor and 6 weeks in case of mishappening of miscarriage and in case of an adoption then 12 weeks of pay is provided.
  2. Sickness Benefit: ESIC ensures that during the medical leaves there will be fund flow in the employee house as per the prescribed percentages and the days.
  3. Unemployment Allowances: The monthly cash allowances will be provided to the member for the period of maximum up to 24 months in the situation permanent invalidity due to injury or employment loss against the will of the member.
  4.  Dependent Benefit: The ESIC ensures the monthly payments apportioned among the surviving dependents in case the employee meets an untimely death due to the injury during the employment.

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05 Mar

Prem Singh
Prem

Right guidance is all we need for a healthy business. Neusource is here to show you the right way which helps you to grow with your business. If you have this wish to build up your startups then neusource is the only choice for your business

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