Employee's State Insurance(ESI) is a self-financing social security and health insurance scheme for Indian workers.it offers an economic & medical assurance to workers and its dependents. Besides providing medical benefits to workers and its dependents it also insures worker from temporary or permanent disablement and sickness.
ESI Registration is mandatory for employers having 10 or more employee. For all employees earning Rs.15,000 or less per month as wages,(From 2013 this ceiling is increased to Rs 25000/-).This compulsory insurance also helps employers to cover up their contingent liability of treatment and medical expenses, which may be incurred if any accident is happened at the business premises or factory.
