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ESI corporations - Employees State Insurance Act(1936), Industrial Laws Video Lecture | Industrial Laws - B Com
FAQs on ESI corporations - Employees State Insurance Act(1936), Industrial Laws Video Lecture - Industrial Laws - B Com
| 1. What is the purpose of the Employees State Insurance Act(1936)? |  |
Ans. The purpose of the Employees State Insurance Act(1936) is to provide social security and financial protection to employees in case of sickness, maternity, disablement, or death due to employment-related injuries.
| 2. Who does the Employees State Insurance Act(1936) apply to? | |
Ans. The Employees State Insurance Act(1936) applies to all employees working in factories or establishments with 10 or more employees. It also applies to employees earning a wage of up to Rs. 21,000 per month.
| 3. What benefits are covered under the Employees State Insurance Act(1936)? | |
Ans. The Employees State Insurance Act(1936) covers several benefits such as medical, maternity, disability, dependent's benefits, funeral expenses, and rehabilitation allowance. These benefits are provided to insured employees and their dependents.
| 4. How is the Employees State Insurance Act(1936) funded? | |
Ans. The Employees State Insurance Act(1936) is funded by contributions from both the employer and the employee. The employer contributes 4.75% of the employee's wages, while the employee contributes 1.75% of their wages towards the Employees State Insurance Corporation.
| 5. How can an employee avail of the benefits under the Employees State Insurance Act(1936)? | |
Ans. To avail of the benefits under the Employees State Insurance Act(1936), an employee needs to be registered and insured under the Act. The employee should approach the appropriate ESI dispensary or hospital with their ESI card to receive the required medical treatment or claim other benefits as per the Act.
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