The Full form of ESI is Employees’ State Insurance. ESI is a health insurance scheme for Indian workers to provide cash and medical benefits to them. It is managed and governed by Employees State Insurance Corporation (ESIC). ESIC is an autonomous corporation under the Ministry of Labor and Employment, Government of India. It provides services and manages their customers through the vast network of their offices in India. ESIC is headquartered in New Delhi and Sh. Raj Kumar is the Director General of ESIC as of July 2017. The objective of ESI is to provide benefit for sickness and medical treatment including maternity and disablement to the employees of factories, establishments and their dependents. There are six types of benefits that are provided under ESIC act 1948, which are Medical benefit, Sickness benefit, Disablement benefit, Maternity benefit, Dependents’ benefit and Funeral expenses. It is considered very useful for an employee because it provides different types of benefits to an insured person and their family. There are mainly two types of benefits in ESI which are Medical benefits and Cash benefits. These insurance schemes include sickness, maternity, disablement, and death due to employment injury and provide medical care to the insured employees and their families.
Full form of ESI, What does ESI stand for ?
by admin | Mar 18, 2019 | Government | 0 comments