Dear All,
The Employees' State Insurance Corporation (ESIC) today 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 today, 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 Bandaru Dattatreya 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.
From India, Mumbai
2556The Employees' State Insurance Corporation (ESIC) today 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 today, 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 Bandaru Dattatreya 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.
From India, Mumbai
Aiming to make its health insurance more inclusive, the Employees State Insurance Corporation (ESIC) today decided to raise the monthly wage threshold to Rs 21,000 in view of price rise and salary hike.
Raising the wage ceiling from the existing Rs 15,000 per month will help ESIC add 50 lakh workers. The move is expected to bring in 2 crore people -- assuming a family of 4 -- under the health insurance net.
Currently, it has 2.6 crore insured workers and covers over 10 crore people.
Recently, the government hiked the minimum wage for unskilled non-farm workers by 42 per cent to Rs 350 per day, from the existing Rs 246. ESIC raised its wage ceiling by 40 per cent, considering the increase in minimum wages by the government.
ESIC has not only increased the wage limit, but allowed insured persons to opt for continuing the cover even if their salary breaches the ceiling.
The decisions will come into effect from October 1.
"ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," Labour Minister Bandaru Dattatreya told PTI after the board meeting of ESIC here. The labour minister is the chairman of the ESIC board.
Now, workers drawing a monthly salary of up to Rs 21,000 will be entitled to treatment during cases of sickness, maternity, disability and death due to injury during work.
At the ESIC board meeting, the organisation had proposed raising the limit to Rs 25,000 per month, but it was decided to fix the ceiling at Rs 21,000.
Earlier, a Parliamentary Standing Committee on Labour took the line that the wage limit should be raised in line with the rise in prices and salaries.
An employer has to contribute 4.75 per cent of a worker's salary towards ESIC as contribution while for workers, it stands at 1.75 per cent.
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).
Dattatreya also launched the first phase of telemedicine services whereby ESIC Model Hospital, Basaidarapur, New Delhi, got connected with three ESI dispensaries at Rudrapur (Uttarakhand), Unnao (Uttar Pradesh) and Kathiyar (Bihar).
Under these new initiatives, ESIC has launched a pilot project of telemedicine services at 11 ESI locations in co-ordination with the Health Informatics and Electronics Division (HIED), C-DAC, Mohali, under the Digital India programme.
The launch of these services will lead to provision of specialised healthcare services to ESIC beneficiaries residing or working at different locations with limited medical specialist services.
From India, Delhi
Raising the wage ceiling from the existing Rs 15,000 per month will help ESIC add 50 lakh workers. The move is expected to bring in 2 crore people -- assuming a family of 4 -- under the health insurance net.
Currently, it has 2.6 crore insured workers and covers over 10 crore people.
Recently, the government hiked the minimum wage for unskilled non-farm workers by 42 per cent to Rs 350 per day, from the existing Rs 246. ESIC raised its wage ceiling by 40 per cent, considering the increase in minimum wages by the government.
ESIC has not only increased the wage limit, but allowed insured persons to opt for continuing the cover even if their salary breaches the ceiling.
The decisions will come into effect from October 1.
"ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," Labour Minister Bandaru Dattatreya told PTI after the board meeting of ESIC here. The labour minister is the chairman of the ESIC board.
Now, workers drawing a monthly salary of up to Rs 21,000 will be entitled to treatment during cases of sickness, maternity, disability and death due to injury during work.
At the ESIC board meeting, the organisation had proposed raising the limit to Rs 25,000 per month, but it was decided to fix the ceiling at Rs 21,000.
Earlier, a Parliamentary Standing Committee on Labour took the line that the wage limit should be raised in line with the rise in prices and salaries.
An employer has to contribute 4.75 per cent of a worker's salary towards ESIC as contribution while for workers, it stands at 1.75 per cent.
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).
Dattatreya also launched the first phase of telemedicine services whereby ESIC Model Hospital, Basaidarapur, New Delhi, got connected with three ESI dispensaries at Rudrapur (Uttarakhand), Unnao (Uttar Pradesh) and Kathiyar (Bihar).
Under these new initiatives, ESIC has launched a pilot project of telemedicine services at 11 ESI locations in co-ordination with the Health Informatics and Electronics Division (HIED), C-DAC, Mohali, under the Digital India programme.
The launch of these services will lead to provision of specialised healthcare services to ESIC beneficiaries residing or working at different locations with limited medical specialist services.
From India, Delhi
Dear All
Please be informed that The ESIC raises wage threshold to Rs 21,000 with effect from 01.10.2016
The Employees' State Insurance Corporation (ESIC) today 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 today, 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 Bandaru Dattatreya 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.
Only after Gazette notification is released , this law will come to effect.
From India, Kolkata
Please be informed that The ESIC raises wage threshold to Rs 21,000 with effect from 01.10.2016
The Employees' State Insurance Corporation (ESIC) today 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 today, 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 Bandaru Dattatreya 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.
Only after Gazette notification is released , this law will come to effect.
From India, Kolkata
what I feel is if they increase the limit now this will definitely going to help employer in long run, considering new amendments in Maternity Benefits.
New Proposed Amendment: https://biblehr.com/maternity-benefi...y-rajya-sabha/
New ESI Amendment: https://biblehr.com/employees-state-...from-rs-15000/
From India, Kochi
New Proposed Amendment: https://biblehr.com/maternity-benefi...y-rajya-sabha/
New ESI Amendment: https://biblehr.com/employees-state-...from-rs-15000/
From India, Kochi
Hi, Thanks for the information, its really helpful Is there any notification released for the above...??? Regards Sathya Narayana Y S
From India, Bengaluru
From India, Bengaluru
ESIC notification will follow shortly as this was discussed and decided recently, to the best of my knowledge.
From India, Ahmadabad
From India, Ahmadabad
Sir , thanks for sharing . Please let me know is there any notification for this regarding the ESI ? Regards Rajeev Dixit
From India, Bangalore
From India, Bangalore
Yes thats true
The Employees’ State Insurance Corporation (ESIC) raised the monthly wage limit for coverage under its health insurance scheme to ₹21,000 from ₹15,000, Labour Minister Bandaru Dattatreya said on Tuesday 07th Sept. 2016. The ESIC also decided to let existing members with salaries over the limit decide on continuing their membership. Notably, ESIC provides social security benefits as a labour welfare measure.
From India, Ahmedabad
The Employees’ State Insurance Corporation (ESIC) raised the monthly wage limit for coverage under its health insurance scheme to ₹21,000 from ₹15,000, Labour Minister Bandaru Dattatreya said on Tuesday 07th Sept. 2016. The ESIC also decided to let existing members with salaries over the limit decide on continuing their membership. Notably, ESIC provides social security benefits as a labour welfare measure.
From India, Ahmedabad
Thanks for the information. Is there any notification / circular from the department for this? If any, pl share. Regards Kennady
From India, Madras
From India, Madras
So far we have not received any notification from ESIC authority or Circular from Labour department, somewhere i believe this is going to add extra cost on middle class employer & their cost of per resource will be higher with EE+ER contribution.
Contribution @Gross salary cost too much for small industry & they suffer huge financial liablities.
Thanks
From India, Delhi
Contribution @Gross salary cost too much for small industry & they suffer huge financial liablities.
Thanks
From India, Delhi
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