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
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
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
From India, Hyderabad
Sir, it appears that the concerned government has not so far published intention notification regarding enhancement of wage ceiling under 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
From India, Noida
This is just a proposal.. gazette yet to release from GOI(government of India) after approvals. shafeeul
From India, Hyderabad
From India, Hyderabad
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
From India, Hyderabad
In our earlier gazette notifications in enhancement of wages limit under ESIC legislation is prospective not retrospective and 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 next six months.
From India, New Delhi
From India, New Delhi
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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ESIC Cealing Wages 10 to 15 Thousand.pdf