What are the documents required for ESIC Registration?
What is ESIC? ESIC stands for Employee State Insurance Corporation which is a self-governing body created by the law under the Ministry of Labour and Employment, Government of India. The scheme was mainly started for Indian workers under which the workers are provided with a different and huge variety of medical, monetary, and other benefits by the employer. Every company that possesses more than 10 employees (which is 20 employees in a few states) having the maximum salary of Rs. 15000/- requires ESIC registration and it’s mandatory.
Benefits of ESIC Registration There are a plethora of benefits of getting an ESIC registration. Some of the benefits under the ESIC scheme are as follows:
Sickness benefits at the rate of 70% (in the salary form). The same is applied in the case if there’s any certified illness and it lasts for a maximum of 91 days in any year.
Several medical benefits offered to the employees and his/her family.
Maternity benefit to the women who are pregnant (counted as paid leaves).
If the employee meets death while on the work, then 90% of salary is offered to his/her dependents every month after the death of the employee.
The same holds in the case of disability of the employee.
Funeral expenses
Old age care medical expenses are also provided.
Documents required for ESIC Registration
A certificate of registration obtained either under the:
Factories Act
Shops and Establishment Act
In case of a partnership, you need to submit Partnership deed.
Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
A complete list of employees working in the Establishment.