What is the full form of ESIC

ESIC: Employees State Insurance Corporation

ESIC stands for Employees State Insurance Corporation. It is a state-run organization established under the 1948 Employee State Insurance Act and is responsible for the administration of the ESI Scheme. The organization aims to provide social security to the labours and employees who earn below Rs. 25000 in India, including their family members.

It was established to offer an all-inclusive insurance system that would help the employees during emergencies like sickness, disability, accident, maternity, or death. The headquarters of ESIC is in New Delhi. It has 23 regional offices, 26 sub-regional offices in the states and over 800 local offices across the country to support the implementation of the ESI scheme.

The ESIC administers the ESI (Employee State Insurance) scheme. The benefits given by the ESI scheme are in line with the conventions of the International Labour Organization. The money required for this scheme is drawn from the employers and the workers. So, it is a self-financed comprehensive social security scheme devised to protect the employees covered under the scheme against financial needs during sickness and treatment.

Structure of ESIC:

The director-general of ESIC is appointed by the central government. The executive powers in the corporation are vested in a standing committee formed of the members of the ESIC. There is also a Medical Benefit Council that advises the ESIC on matters related to medical benefits.

The medical benefits are prescribed by the government after consulting the corporation. All the beneficiaries are entitled to standard medical and surgical treatments.

Some of the benefits offered by the ESI scheme:

• Medical Benefit
• Sickness Benefit
• Disability Benefit
• Maternity Benefit
• Benefits to Dependants
• Funeral Expenses

One of the biggest social security agencies in the world, ESIC has more than 8.3 million covered workers nationwide. The company runs through a nationwide network of regional and sub-regional offices, dispensaries, and hospitals. The ESIC offers medical care, financial compensation, and a variety of additional benefits to covered employees and their families.

Health Care Advantages

Medical treatment is one of the main ESIC benefits offered. The company has a wide network of clinics, hospitals, and dispensaries spread out around the nation that offers medical treatment to covered employees and their families. Employees can obtain treatment from the ESIC for a variety of diseases and disorders, and the medical care they receive is of a high calibre.

In-Kind Benefits

ESIC pays insured workers financial benefits at times of illness, pregnancy, and incapacity. The average daily pay of the employee and the length of the benefit term both affect how much cash will be awarded. ESIC offers financial benefits for maternity leave for a maximum of 26 weeks. The company offers monetary compensation for up to 91 days under its illness benefit programme and up to two years under its disability benefits programme.

Additional Advantages

Funeral expenditures, rehabilitation benefits, and dependant benefits are just a few of the additional benefits that ESIC offers to cover employees and their families. In the case that an insured employee passes away, the organisation helps their dependents financially. Employees with impairments connected to their jobs are also given benefits for rehabilitation.

Problems ESIC Is Facing

In recent years, ESIC has had a number of difficulties, including a lack of physicians and medical personnel, poor infrastructure, and a lack of employee understanding of the organization's advantages. The organisation has taken a number of actions to solve these issues, including hiring additional physicians and medical personnel, modernising its facilities, and establishing awareness campaigns to inform staff members of the advantages offered by ESIC.

Conclusion

ESIC is essential to India's social security system for workers. The company offers a variety of benefits to covered employees and their families and maintains a wide network of dispensaries, hospitals, and clinics around the nation. Although ESIC has had a number of difficulties lately, the organisation has made a number of steps to overcome these difficulties and guarantee that employees receive the benefits to which they are legally entitled. In general, and going forward, ESIC will continue to play a crucial role in delivering social security to employees in India.