What is ESIC Registration?

ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India.

This scheme is started for Indian workers. The workers are provided with a huge variety of medical, monetary and other benefits from the employer. Any Company having more than 10 employees (in some states it is 20 employees) who have a maximum salary of Rs. 15000/- has to mandatorily register itself with the ESIC. Under this scheme, the employer needs to contribute an amount of 4.00% of the total monthly salary payable to the employee whereas the employer needs to contribute only 1.00% of his monthly salary every month of the year. The only exemption to the employee in paying his contribution is whose salary is less than Rs. 100/- per day.

Entities covered under ESIC

As per the government notification dated Sec 1(5) of the ESI Act the following entities are covered:
1. Shops
2. Restaurants or Hotels only engaged in sales
3. Cinemas
4. Road Motor Transport Establishments
5. Newspaper establishments (which is not covered under the factory act)
6. Private Educational Institutions

Rietway Consultants ESI Registration Package

The Services which are included in our package are as Follows:
✅ Consultation for ESI Requirement
✅ Preparation of Documents
✅Application Filing
✅ESIC Certificate and Login Credentials

Documents Required for ESI Registration

1. Registration Certificate i.e GST Certificate, Shop and establishment, COI
2. Address proof i.e Electricity Bill, Rent agreement, Telephone Bill, Water bill.
3. PAN card of business entity and all partners/directors.
4. Cancelled cheque
5. Digital Signature
6. MOA/ AOA of Company

ESI Registration Procedure

Step -1 Arrange all Required Documents: The first step is to arrange all the documents and send the same over the email / WhatsApp to us. Once all the Documents are Received, we will Start the Further Process.
Step -2 Documentation: The documents to be uploaded while applying for the ESI Registration must be prepared, signed and stamped.
Step - 3: Filing of Application: The Next Step is Submission of Application at Department.
Step - 4 Issue Of ESI Number: After Submission and Scrutiny of Documents, Department Issues ESI Number.

What are the benefits of ESIC registration?

The benefits of registering under this scheme are varied. Some of them are:
1. Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness certified and which lasts for a maximum of 91 days in any year.
2. Medical Benefits to an employee and his family members.
3. Maternity Benefit to the women who are pregnant (paid leaves).
4. If the death of the employee happens while on work – 90% of the salary is given to his dependents every month after the death of the employee.
5. Same as above in case of disability of the employee.
6. Funeral expenses.
7. Old age care medical expenses.

How many returns are filed every year after the registration is finalised?

After the registration ESI Returns have to be filed twice a year. The following documents are required for the filing of the returns:
1. Register of Attendance of the Employees
2. Form 6 – Register
3. Register of wages
4. Register of any accidents which have happened on the premises of the business
5. Monthly returns and challans.

Recent Updates

Feb 12, 2020: AGILE forms makes it easier to apply for ESI registration. With the use of e-form AGILE (Application for registration of the Goods and Services Tax Identification Number (GSTIN), Employees’ State Insurance Corporation (ESIC) registration plus Employees’ Provident Fund Organization (EPFO) registration), one can register for any of these at the time of company registration.

Mar 06, 2020: Company incorporation under EPFO, ESIC to be done on new MCA portal Private, public, and one person company registration under EPFO, ESIC will be executed on the new MCA portal. It simplifies the registration process by using a new web form SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus), integrating 10 services from various departments.

Mar 9, 2020: SPICEe+ form stipulates mandatory registration of EPF & ESIC With the introduction of SPICe+ form for company incorporation, registrations for EPFO and ESIC shall be compulsory for all organizations registered, and none shall be separately issued by the respective agencies.

FAQ On ESIC Registration

Q1 What is the insurance number?
To recognize each employee, the ESI scheme allots a unique identification number to every worker. This number is called the insurance number and is used for all operational purpose.

Q2 How can I claim my ESI amount?
Form-15 claim for dependent benefit by ESIC . You can find the Form-15 claim for permanent disablement benefit provided by the Employee State Insurance Corporation (ESIC), Ministry of Labour and Employment, Government of India. Users must read the form and fill up as per the given.

Q3 Can esic amount be withdrawn?
ESIC is an insurance for people below certain income level. It helps you to get excellent medical care for your family free of cost. ESI deduction is premium, you cannot withdraw from it.