Benefit under ESI

BENEFITS UNDER THE EMPLOYEES’ STATE INSURANCE ACT, 1948 : 

BENEFITS UNDER THE EMPLOYEES’ STATE INSURANCE ACT, 1948 May 10

OBJECTIVE : 

OBJECTIVE The object of the Act is to secure sickness, maternity, disablement and medical benefits to employees of factories and establishments and dependents’ benefits to the dependents of such employees.

Benefits under the Act : 

Benefits under the Act Six kinds of benefits are provided under the Act: Sickness benefit Maternity benefit Disablement benefit Dependents’ benefit Medical benefit and Funeral expenses.

Benefits under the Act : 

Benefits under the Act 1. Sickness benefit : Insured employees is entitled to receive for the period of his sickness as the daily “standard benefit rate”. Minimum 78 days of the corresponding contribution is must. Benefit is not available for the first 2 days of sickness. Maximum period for benefit is 91 days in one year. Standard benefit rate” : The daily rate which sickness benefit is payable to an insured employee during the period of his sickness. Lowest rate is Rs. 14/- Highest rate is Rs. 195/-

Benefits under the Act : 

Benefits under the Act 2. Maternity benefit : Confinement, miscarriage or medical termination of pregnancy, Sickness arising out of pregnancy, confinement, premature birth of child or miscarriage or medical termination of pregnancy. Minimum 80 days in the immediately preceding two consecutive contribution periods is must. Maximum period for benefit is 91 days in one year.

Benefits under the Act : 

Benefits under the Act 3. Disablement benefit : Permanent disablement, whether total or partial, as a result of an employment injury ( personal injury caused by an accident arising out of and in the course of employment). Benefit for the whole of life.

Benefits under the Act : 

Benefits under the Act 4. Dependents’ benefit : When an insured employee dies as a result of an employment injury, his widow and children and in case the employee does not leave behind him a widow or children, his other dependants, are entitled to receive periodical payments.

Benefits under the Act : 

Benefits under the Act 5. Medical benefit : Sickness of Insured employee or (where medical benefits is extended to his family) a member of his family. Available to the employee during any period for which contributions are paid in respect of him or in which he can claim sickness benefit.

Benefits under the Act : 

Benefits under the Act 6. Funeral expenses : In case of death of an insured employee, the eldest surviving member of his family, and if the employee had no family or was not living with his family at the time of his death, then the person who actually incurs expenditure on the funeral of the employee, is entitled to receive the a payment called “funeral expenses”. Maximum permissible amount of such payment is Rs. 2500/-