Dear All,
I Have seen below news update on ESIC coverage changes, Can any one update on the notifications.
News Update –
The Employees' State Insurance Corporation (ESIC) yesterday raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme. In a meeting held yesterday, the ESIC board also decided to give an option to existing insured persons to continue membership even if their wage breaches the ceiling of Rs 21,000 per month.
At present, all those insured under the ESIC scheme lose their membership of ESIC as well as that of the insurance cover if their wage overshoots the ceiling. "ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," Labour Minister told PTI after the board meeting of ESIC here. Labour Minister is the Chairman of the ESIC Board.
Both the decisions will be implemented from October 1. Dattatreya added that the move of raising the threshold will help bring in an additional 50 lakh members to ESIC. At present, ESIC has 2.6 crore insured persons, which covers over 10 crore people, assuming four members of a family.
The minister also said there is a plan to increase the wage threshold for retirement fund body EPFO subscribers and it may be considered in the next meeting of the Central Board of Trustees (CBT).
At present, the wage threshold is Rs 15,000 per month for coverage under its social security scheme.
The Notification is yet to be published, which will be published this month which will have clear understanding.
Warm Regards
Praveen Devadiga
From India, Bangalore
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13I Have seen below news update on ESIC coverage changes, Can any one update on the notifications.
News Update –
The Employees' State Insurance Corporation (ESIC) yesterday raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme. In a meeting held yesterday, the ESIC board also decided to give an option to existing insured persons to continue membership even if their wage breaches the ceiling of Rs 21,000 per month.
At present, all those insured under the ESIC scheme lose their membership of ESIC as well as that of the insurance cover if their wage overshoots the ceiling. "ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," Labour Minister told PTI after the board meeting of ESIC here. Labour Minister is the Chairman of the ESIC Board.
Both the decisions will be implemented from October 1. Dattatreya added that the move of raising the threshold will help bring in an additional 50 lakh members to ESIC. At present, ESIC has 2.6 crore insured persons, which covers over 10 crore people, assuming four members of a family.
The minister also said there is a plan to increase the wage threshold for retirement fund body EPFO subscribers and it may be considered in the next meeting of the Central Board of Trustees (CBT).
At present, the wage threshold is Rs 15,000 per month for coverage under its social security scheme.
The Notification is yet to be published, which will be published this month which will have clear understanding.
Warm Regards
Praveen Devadiga
From India, Bangalore
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is there any GO copy of ESIC amendment from 15000/- to 21000/- if you have, pls share. all are says it is effect from 1st october 2016. but GO not released.
From India, Hyderabad
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From India, Hyderabad
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Sir, it appears that the concerned government has not so far published an intention notification regarding the enhancement of the wage ceiling under the said Act. If required, you can contact the nearest office of ESIC or the appropriate government, i.e., Ministry of Labour & Employment, Central Govt., to confirm the position.
From India, Noida
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From India, Noida
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This is just a proposal.. gazette yet to release from GOI(government of India) after approvals. shafeeul
From India, Hyderabad
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From India, Hyderabad
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No any circular come from esic department till date . It was just a proposal
From India
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From India
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Yes its just proposal, unless until we receive the gazette from GOI, we can not implement it w.e.f. Oct’16.
From India, Hyderabad
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From India, Hyderabad
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In our earlier gazette notifications, the enhancement of wages limit under the ESIC legislation is prospective, not retrospective. Hence, any gazette not published before 30.09.2016 can be treated as not implemented, and you can continue to recover ESIC Contribution on Rs. 15K only for the next six months.
From India, New Delhi
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From India, New Delhi
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Dear Seniors Is any notification / GO published on the recently enhancement in the E SIC wages limit from 15000/- to 21000/- ? Pls. share if published.
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Pls confirm, till now we didn’t received any notification / GO for proceeding. Now what should we implement 15,000 or 21,000. pls clarify
From India, Madras
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From India, Madras
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Please find attached the draft notification.
The wage limit for coverage of an employee under sub-clause (b) of clause (9) of Section 2 of the Act shall be twenty-one thousand rupees a month. The said draft rules will be taken into consideration after the expiry of a period of thirty days.
From India, Surat
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The wage limit for coverage of an employee under sub-clause (b) of clause (9) of Section 2 of the Act shall be twenty-one thousand rupees a month. The said draft rules will be taken into consideration after the expiry of a period of thirty days.
From India, Surat
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