Overview:-
A program called 'ESI registration' was established to offer social security to employees working for any structured private sector company. This program is designed so that registered employees can receive prompt medical attention in the event of any unanticipated events involving their health or the health of their families.
Benefits:-
The advantages of signing up for this program are numerous. Among them are
- In the event of any documented illness lasting no more than 91 days in any one year, employees are entitled to 70 percent of their wage as sick pay.
- Medical insurance for the employee and his family.
- Pregnancy benefits for expectant mothers (paid leaves).
- If an employee passes away while at work, 90% of his or her salary is paid to their dependents in the form of a monthly payment after the individual's passing.
- Similar to the above if an employee has a disability.
- Funeral costs.
- Medical costs for seniors.
Documents Required:-
- Copy of pan of company/partnership/firm
- Copy of Certificate of Incorporation / Registration certificate
- Copy of Bank Statement
- Copy of all licenses issued in the name of the establishment
- A canceled cheque
- Copy of Electricity Bill
- Copy of rent/ lease agreement
- Copy of pan and voter id of directors/partners
- Copy of Board Resolution
- List of all employees employed directly by the company or by the contractor.
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