Employees’ State Insurance (ESI) registration is a crucial legal requirement under the Employees’ designed to provide medical, financial, and social security benefits to employees. It is regulated by the Employees’ State Insurance Corporation (ESIC) and applies to businesses with 10 or more employees (20 in some states), where employees earn a monthly wage of ₹21,000 or less.
The ESI scheme ensures that employees and their families receive medical care, maternity benefits, disability cover, unemployment allowance, and financial aid in case of employment-related injuries. Both employers and employees contribute to the ESI fund, with employers contributing 3.25% and employees contributing 0.75% of their wages. This fund is used to provide free medical treatment, hospitalization, and other welfare benefits to employees.
The ESI registration process requires businesses to submit essential documents, including business registration certificates, PAN card, address proof, employee details, and bank account details, through the ESIC online portal. Once registered, a unique ESI code number is issued, and employees receive an ESI card, allowing them to access medical benefits at ESIC hospitals and dispensaries across India.
For businesses, ESI compliance ensures legal adherence while promoting employee welfare and satisfaction, leading to increased productivity and workforce stability. Employers failing to register under ESI or delaying contributions may face penalties, fines, and legal consequences.
By opting for ESI registration, businesses provide their employees with comprehensive healthcare and financial security, strengthening employee-employer relationships. Our ESI registration services ensure a seamless process, timely compliance, and hassle-free documentation, so you can focus on your business while ensuring employee well-being. Get your business ESI-registered today and provide a secure future for your employees!