The Employee's State Insurance Act, 1948 (ESI Act)
The Employee's State Insurance Act, 1948 (ESI Act)
The Employee's State Insurance Act, 1948 (ESI Act)
Table of Content
Introduction
Objectives
Benefits
Conclusion
INTRODUCTION
In factories, shops, educational Institutes, hotels, etc. where 10 or more workers are
employed
It is not applicable to State & Central Govt Institutions, if benefits provided are already
month
Any one works for wages in connection with the work of Factory/Establishment comes
The Act, however, does not apply to mine or railway running shed, and specific
seasonal factories
The state government may extend the provisions of the Act to cover other
establishments or class of establishments. Industrial, commercial, agriculture or
otherwise, in consultation with ESI
Corporation and with the approval of the central government, after getting six months
There is formed a statutory body called Employee State Insurance Corporation for the
There is executive body for implementing the day-day operations of the corporation
There is formation of E.S.I fund for the purpose of giving cash benefits
REGISTRATION UNDER THE ACT
There is compulsory registration for every new employee by filling the declaration
Maternity benefit
Disablement benefit
Dependant’s benefit
Funeral benefit
Medical benefit
CONCLUSION
In this conclusion the ESI act is unique in the fact that it works in advantageous ways for
both employees and employers. While employees are insured under this act and get
financial aid in case of an injury, the employers are also protected from being harm in
course of employment paying compensation to the employees.
The Employees’ State Insurance Act, apart from medical benefits provided to employees,
also controls many more indirect aspects of efficiently managing the Corporation
established by the Act, be it its sales proceedings, account management or separation of
powers amongst its various officers.