ESIC Registration
Starting from ₹500 + GST per employee
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Table Of Content
ESIC Registration Made Easy
ESIC registration refers to the process of registering a business or establishment under the Employees’ State Insurance Corporation (ESIC) in India. This registration is mandatory for entities with a certain number of employees to provide social security benefits such as medical, sickness, maternity, and disability benefits to employees and their dependents. It is aimed at providing financial protection to employees in case of any health-related contingencies or emergencies.
Benefits of ESIC Registration
Comprehensive Medical Care
ESIC registration provides access to medical services, including outpatient treatment, hospitalization, and specialist consultations for insured persons and their dependents.
Sickness Benefits
Insured individuals receive cash benefits during periods of certified sickness, providing financial support when they are unable to work due to illness.
Maternity and Disablement Benefits
Female employees receive maternity benefits, including paid leave and medical expenses. ESIC also provides disablement benefits for permanent or temporary disabilities due to employment-related injuries.
Dependents’ Benefits
In case of an insured person’s death, ESIC offers financial assistance to their dependents and covers funeral expenses.
Rehabilitation and Extended Services
ESIC provides rehabilitation services for those with permanent disabilities and extends medical benefits to insured persons and their dependents, ensuring comprehensive healthcare coverage.
Eligibility for ESIC Registration
Process for ESIC Registration
Step 1
Prepare Documents
Gather required documents such as PAN card, Aadhaar card, bank details, and employee information like salary details, Aadhaar numbers, and contact details.
Step 2
Online Registration
Visit the ESIC portal and create an employer account. Fill in the necessary details and submit the online application form for registration.
Step 3
Verification
ESIC will verify the submitted documents and information. If any additional documents or clarifications are needed, they will be requested.
Step 4
Acknowledgment
Upon successful verification, ESIC will issue an acknowledgment or registration certificate with a 17-digit code called the ESIC code number.
Step 5
Payment of Contribution
Start contributing to the ESIC fund as per the prescribed rates and deadlines. Ensure timely payment to maintain compliance with ESIC regulations.
Documents required for ESIC Registration
To be submitted by Employer or Authorized Signatory of the Establishment
For KYC
For Financial
For Address
FAQs
What is ESIC registration?
ESIC registration is the process of enrolling an establishment and its employees under the Employees’ State Insurance Corporation (ESIC) to provide them with social security benefits.
Who needs to register for ESIC?
Employers with 10 or more employees (in certain areas, the threshold may be lower) and employees earning wages up to Rs. 21,000 per month need to register for ESIC.
What are the benefits of ESIC registration?
ESIC registration provides benefits such as medical care, sickness benefits, maternity benefits, disablement benefits, dependents’ benefits, and rehabilitation services to insured persons and their dependents.
What documents are required for ESIC registration?
Required documents include a PAN card, Aadhaar card, bank details, income tax returns, financial statements, address proof, and passport-size photos of the employer or authorized signatory.
Is ESIC registration mandatory?
Yes, ESIC registration is mandatory for eligible establishments under the Employees’ State Insurance Act, of 1948.
How can I apply for ESIC registration?
You can apply for ESIC registration online through the ESIC portal by filling out the application form and submitting the required documents.
What is the contribution rate for ESIC?
The contribution rate for ESIC is shared between the employer and the employee, with the employer contributing 3.25% of the employee’s wages and the employee contributing 0.75% of their wages.
How often do I need to make ESIC contributions?
ESIC contributions are made every month and must be paid by the 15th of the following month.
Can I voluntarily register for ESIC if my establishment does not meet the mandatory criteria?
Yes, voluntary registration is possible for establishments that do not meet the mandatory criteria but wish to avail of ESIC benefits.
What are the consequences of non-compliance with ESIC regulations?
Non-compliance with ESIC regulations can lead to penalties, legal actions, and loss of benefits for both employers and employees. It’s crucial to maintain compliance to avoid such consequences.