PREPARED BY:DEEPIKA GOEL

The

objective of this Act is to secure sickness,maternity,disablement and medical benefits to employees of factories and establishment and dependents benefits to the dependent of such employees.

 To

all employees and establishments employing 20 or more employees. employees drawing wages upto Rs.10000/- per month

Every

 Employees:1.75%

on total monthly

wages

Employer:4.75%

on total monthly

wages

 Both

employer and employees contribution are to be piad in cash or in cheque in SBI or any other bank authorised by ESI
filling a challan with in 21 days following the end of the calender month in which the contribution falls due.

By

 Sickness

benefit Maternity benefit Disablement benefit Dependents benefit Medical benefit Funeral expenses

 Insured

employees is entitled to receive for the period of his sickness as the daily standard benefit rate. Maximum period for benefit is 91 days in one year STANDARD RATE: The daily rate which sickness benefit is payable to an insured employee during period of his sickness lowest rate is Rs. 14/highest rate is Rs. 195/-

 Confinement,miscarrige

or medical termination of pregnancy. Sickness arising out of pregnancy, premature birth of child,miscarrige or medical termination of pregnancy. Minimum 80 days in the immediate preceding two consecutive contribution period is must. Maximum period for benefit is 91 days in the year.

 Permanent

disablement whether partial or total as a result of an employment injury

Benefit

for whole life.

 When

an insured employee deis as a result of an employment injury,his widow or children and in case the employee does not leave behind his widow or children his other dependent are entitle to receive the periodic payments.

 Sickness

of insured employee or a member of his family. to employee during any period for which contribution are paid in respect of him or in which he can claim sickness benefit.

Available

 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 entitle to receive the payment called funeral expenses. Maximum permissible amount of such payment is Rs. 2500/-

 Employee

is not entitle to receive two benefits at the same time,that means he can not receive for the same period: Both sickness benefit and maternity benefit Both sickness benefit and disablement benefit for tempory disablement Both maternity benefit and disable benefit for temporary disablement.

THANK YOU