According to the provisional payroll dataPublished on Thursday, around 13,483 new establishments have been placed under the social security scope of the ESI scheme in June compared to the 20,110 establishments added in May 2024, thus guaranteeing social security to more workers.
“Of the total 2.16 million employees added during the month, 1.05 million employees or 49% of the total number of registrations belong to the age group up to 25 years,” it said.
In addition, the gender analysis Payroll data indicates that the net enrolment of female members was 0.43 million as of June 2024, while 55 transgender employees were registered under the ESI scheme in the month under consideration, attesting to ESIC’s commitment to extend its benefits to all sections of the society.
The payroll data is provisional as data generation is an ongoing exercise, he added.
The State Insurance Corporation for Employees is one of two main statutory social security organizations under the Ministry of Labor and Employment, the other being the Employees’ Provision. Finance Organisation. The fund is managed by ESIC as per the rules and regulations stipulated in the ESI Act, 1948. All employees earning up to Rs 21,000 per month as salary contribute 0.75% of their salary while the employer contributes 3.25%, taking the total contribution to 4%, which is used for providing medical and cash benefits to the employees and their family. Employees registered under the scheme are entitled to medical treatment for themselves and their dependents, unemployment cash benefit in certain contingencies and maternity benefit in case of female employees.
In the event of work-related disability or death, a disability benefit and a family pension are provided respectively.
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