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Benefit - Employees State Insurance Act(1936), Industrial Laws Video Lecture | Industrial Laws - B Com
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FAQs on Benefit - Employees State Insurance Act(1936), Industrial Laws Video Lecture - Industrial Laws - B Com
| 1. What is the Employees State Insurance Act (1936)? |  |
Ans. The Employees State Insurance Act (1936) is a social security legislation that aims to provide health insurance and medical benefits to employees in India. It is applicable to certain factories and establishments where 10 or more persons are employed.
| 2. What are the benefits provided under the Employees State Insurance Act (1936)? | |
Ans. The Employees State Insurance Act (1936) provides various benefits such as medical benefits, cash benefits during sickness, maternity benefits, disablement benefits, and dependent benefits. These benefits are aimed at providing social security and financial support to employees during different circumstances.
| 3. Who is eligible to avail the benefits under the Employees State Insurance Act (1936)? | |
Ans. Employees who are working in factories or establishments covered under the Act and earning a wage of up to Rs. 21,000 per month are eligible to avail the benefits provided under the Employees State Insurance Act (1936). The Act covers both permanent and temporary employees.
| 4. How are the benefits under the Employees State Insurance Act (1936) funded? | |
Ans. The benefits under the Employees State Insurance Act (1936) are funded through contributions made by both employers and employees. The employer contributes 4.75% of the employee's wages, while the employee contributes 1.75% of their wages. These contributions are collected by the Employees' State Insurance Corporation (ESIC) and used to fund the various benefits provided under the Act.
| 5. Can an employee opt-out of the benefits provided under the Employees State Insurance Act (1936)? | |
Ans. No, an employee cannot opt-out of the benefits provided under the Employees State Insurance Act (1936). It is mandatory for both employers and employees to contribute towards the scheme and avail the benefits as per the provisions of the Act. The Act ensures social security and financial protection for employees, and opting-out is not allowed.
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Nov 26, 2024 Last updated |
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