Tag Archives: ESIC Registration

All Things to know about ESIC registration

ESIC registration is useful for both the employees and employer. ESI stands for Employee State Insurance and it is managed by the Employee State Insurance Corporation (ESIC) which is considered as an autonomous body created by the law under the Ministry of Labour and Employment of India.

In this blog, we will briefly discuss about ESIC registration. Here we will cover the topic which includes

  1. What is ESIC registration?
  2. Who is required to obtain ESIC registration?
  3. Benefits of ESIC registration
  4. ESIC registration Process.
  5. Documents required for ESIC registration

Let’s start the journey!

What is ESIC registration?

ESI is a self-financing social security and health insurance scheme for Indian Workers. ESIC registration is a statutory responsibility of the employers of factory or any establishment.  Registration under ESI Scheme is mandatory for every employer entity engaged in any economic field. ESIC registration provides monetary and medical benefits to employees in case of sickness, maternity etc.

Who is required to obtain ESIC registration?

  1. Factory and business establishment having 10 employees or more than that have to obtain ESIC registration.
  2. Shops, hotels, cinemas etc where 10 to 20 persons are employed need to take registration of ESIC
  3. Private medical and institutions employing 10 to 20 persons or more than 20 persons are required to obtain ESIC registration.

Benefits of ESIC registration

There is a numerous benefit of ESIC registration and same is discussed below:

  1. Medical benefits – By obtaining ESIC registration, you are entitled to get medical benefits. ESIC registration provides medical benefits to an employee and his/her family members
  2. Maternity benefit – Under ESIC registration, there is a provision for maternity benefit. Maternity benefit is given to women employees and it is given in the type of paid
  3. Sickness Benefit– Sickness benefit is another benefits of ESIC registration. Sickness benefit is generally given in the form of cash and an insured person is entitled to avail this benefit.
  4. Disablement benefit – As per the ESI scheme, employees are entitled to get disablement benefit. An insured employee who is suffering from physical disablement in course of his employment is entitled to get disablement benefit.

Documents required for ESIC registration

A number of documents as discussed below are required for ESIC registration.

  1. Copy of the PAN card of the establishment, firm etc.
  2. List of minium 10 employees
  3. Address proof of the establishment, firm etc.
  4. List of partners and directors of the establishment, firm etc.
  5. Copy of Bank statement
  6. Incorporation certificate of the establishment, firm.

Conclusion

ESIC registration is a statutory responsibility of the employers of factory or any establishment and by obtaining. By obtaining the ESIC registration you are entitled to avail a number of benefits as discussed above.

Enterslice is an award-winning company which provides world’s best and affordable services relating to ESIC registration. If you are planning to obtain ESIC registration then kindly contact the team of Enterslice.

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Documents required for ESIC registration

Almost every employee seeks medical benefits from the organization they work in, and even there’s a scheme for the same. That scheme is ESI which stands for Employee State Insurance. The Employee State Insurance Corporation manages ESI. ESIC is a self-governing body formed under the Ministry of Labour and Employment, Government of India.

Under the ESIC scheme, workers or employees of the organization can avail various medical, monetary and other benefits by the employer.

Any company that consists of more than 10 employees (in some states it is 20 employees) and has a maximum salary of Rs. 21000 per month or less has to mandatorily register itself with the ESIC.

Under this scheme, the employer contributes 4.75% of the total monthly salary payable to the employee. However, an employee contributes only 1.75% of his monthly salary.

Employees whose salary is less than Rs. 100 per day are exempted from his contribution to the ESI scheme.

In this blog, we are going to talk about the documents required for ESIC registration. Apart from that, we will discuss a few more things as follows:

  • The significance of ESIC registration
  • Benefits of ESIC registration in India
  • Documents required for online ESIC registration in India
  • How many times the returns should be filed every year after the registration?

The significance of ESIC registration for Employer

We all are aware that ESIC registration helps employee as well as their dependent with excellent medical care. But a very few of us are aware of how it helps the employer. Here’s how-

Under the ESI Act, the employer secures legal liability which can arise from any mishappening, incident or accident at the workplace. If the employer is registered with ESI and any such incident occur at the workplace with the employee, the ESI Corporation will bear all the expenses of the employee.

Benefits of ESIC registration in India

Under the ESI scheme, employees and their dependents can avail the following benefits:

  • A complete medical benefit to the employee and his/her family members;
  • Sickness benefits at a rate of 70%;
  • Maternity benefits to the pregnant women;
  • In the case of employee death at the workplace, 90% of his/her salary will be given to his dependents;
  • The same holds true for the disability case;
  • Funeral expenses will also be borne by ESIC.

Documents required for ESIC registration in India

In order to obtain ESIC registration, the applicant is supposed to submit the following documents:

  • A registration certificate obtained under either the Factories Act or Shops and Establishments Act;
  • In case of a company, Certificate of Incorporation, and Partnership Deed in case of Partnership;
  • Memorandum of Association (MoA) and Articles of Association (AoA) of the company;
  • One canceled cheque of the bank account of the company;
  • A list of all the directors in the company;
  • A list of all the shareholders of the company;
  • Compensation details of all the employees in the organization;
  • PAN card of the business entity as well as the employees working under it;
  • A register containing the attendance of all the employees.

How many times the returns should be filed every year after the registration?

After you have obtained the registration, you need to file ESI returns twice every year. For filing the returns, you will require to submit the following documents:

  • Form 6-Register;
  • A register containing the attendance of all the employees;
  • A register indicating the wages of the employees;
  • The monthly returns and challans;
  • A register containing the details of any incidents occurred at the workplace or within the premise.

Hence, these are all the documents required for ESIC registration. If you want to know the ESIC registration process or want to register your company under the ESIC scheme, then contact one of India’s leading consultant, Enterslice.

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How to apply for ESIC Registration?

Employees intending to apply for ESIC registration must know that they need to contribute 1.75% of their monthly income every month of the year. However, the employer is supposed to pay 4.75% of the total monthly salary payable to the employee.

But before you apply for ESIC registration, it’s significant to understand what it is and why do need it. Therefore, in this blog, the topics that we have covered are as follows:

  • What is ESIC Registration?
  • Why do you need ESIC registration?
  • Documents required for ESIC registration
  • Steps for registration

What is ESIC registration?

ESIC registration is a scheme and the process of registering oneself under the Ministry of Labour and Employment, Government of India, under which the workers get a huge variety of medical, monetary, and other benefits by the employer.

ESIC registration is obligatory for every company having more than 10 employees who have a maximum salary of Rs. 15,000. However, the number of employees differs in some states that are instead of 10, companies in particular states should have 20 employees to be eligible for ESIC registration.

If you’re looking for any consultant with reasonable registration fees for ESIC registration, then you must once give a chance to Enterslice.

Why do you need ESIC registration?

There are several benefits of ESIC registration that workers or labors can avail through it. Some of them are stated below:

  • Sickness benefits at the rate of 70% if there’s any certified illness or it lasts for a maximum of 91 days in any year;
  • Several medical benefits to the employee and his/her family members;
  • If a woman is pregnant, she can avail maternity benefit (paid leaves);
  • If the employee dies at the workplace, then 90% of the salary is given to his/her dependents every month after his/her death;
  • The above said holds same in the of disability;
  • Funeral expenses;
  • Old age care expenses.

Documents required for ESIC registration

  • PAN card of the directors, shareholders, and employees of the organization
  • A registration certificate obtained either under the Shops and Establishment Act or Factories Act
  • MOA (Memorandum of Association)
  • AOA ( Article of Association)
  • Certificate of Company registration or Partnership Deed
  • A document depicting the list of all the employees working in the establishment
  • A list of directors and shareholders of the company
  • The compensation detail of all the employees
  • Copy of GST registration
  • Copy of current bank statement
  • Declaration form of every employee along with their 2 postcard-sized photographs (optional)

Steps for ESIC registration

Step1: ESI registration application, Form-1

Download the ESIC registration application or Form-1, fill it, and then submit it on the official website of ESIC.

Step2: Issuance of the 17-digit number

After the form is verified, the government will issue a 17-digit unique identification number known as a code number. The applicant is required to submit Return of Declaration in Form 3 along with Form 1.

Step3: The employee needs to submit the form

The employee registered under the ESIC scheme will provide the employer the filled form and photographs of his/her own and family members as a part of the registration process. And, after the registration, the employee will get an ESI card.

Step4: Insurance number

Just for the purpose of identification, an insurance number will be allotted to the employee.

Step5: Issuance of temporary identity card

The employee will get a temporary ID card for the duration of three months so that he/she can avail medical benefits for oneself or for family members.

Step6: Permanent photo ID card

In the last step, employees need to fill Form1 and submit two copies of a family photo to the employer, which will be thereafter submitted with the relevant ESIC Branch Office by the employer.

With this, the ESIC registration process completes. If you have any queries regarding the same, then feel free to contact the experts at Enterslice.

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