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Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
Employees' State Insurance (abbreviated as ESI) is a social security and health insurance fund for Indian workers. The fund is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948.
The Atal Beemit Vyakti Kalyan Yojana provides financial assistance in the form of unemployment allowances to eligible beneficiaries. The amount of the allowance is a percentage of the average daily wages earned by the insured person during the relevant contribution period. [6]
An additional insured, on the other hand, is a person who is jointly insured on your policy and has some financial stake in the insured property. Additional insureds usually reflect a business ...
While FDIC insurance protects your bank deposits up to $250,000, SIPC insurance safeguards your investment accounts differently. The Securities Investor Protection Corporation (SIPC) provides up ...
Employees State Insurance Scheme Hospital (ESIS Hospital) is an E S I Hospital for employees of companies, located at Ayanavaram [2] neighbourhood in Chennai [3] of Tamil Nadu [4] in the peninsular India. Employees with a monthly salary less than ₹15,000 are eligible for treatments in ESIS Hospitals. [5]
In some cases, the other person’s policy may be used as secondary insurance, but in an at-fault accident, yours will be the primary insurance policy that will pay for damages.
In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above. [20]