ESIC Act

The Employees State Insurance Act of 1948 was instituted with the target of getting monetary help in instances of infection, maternity, and disablement and for giving health advantages to workers of processing plants and foundations and their wards. Employees state insurance act 1948 is also abbreviated as an ESIC. After implementing the employee’s state insurance act 1948, all the employee’s funds are regulated according to the provisions written under the act. All its functioning is regulated by the ministry of labour and employment, a statutory body launched on 24th February 1952. 

Provision of Employee State Insurance Act 1948

Let’s understand the provision of the employee state insurance act 1948. 

Employees’ state insurance act is designed based on the ESI act,  An Act to accommodate specific advantages to representatives in the event of an ailment, maternity and work injury and to make arrangements for specific issues in connection to them. The Social Legislation act aims to provide an amount in the form of compensation to the employees in case of any medical injury or emergency. The responsibility of this act is to pay compensation amount and compliances to the employee in case of any severe medical conditions. 

The main motive behind the implementation of this act is to introduce the provisions and rules of the ESI act and to carry out all its functions smoothly in the entire nation. 

Functions of Employees State Insurance Act 1948

Let’s understand the functions of the employee state insurance act 1948. 

Employees, a state insurance act 1948, plays a major role in the welfare of many employees. The functions of this act are as follows:

• Under section 17 of the constitution, the employee’s state insurance act 1948 can recruit staff members. Along with this, it can also provide gratuity and some other fund related benefits to the eligible staff members. 
• According to the powers of this act, it can invest or take money from the central government sanction for providing better facilities to employees. 
• The Employees state insurance act 1948, can recruit or hire the social security officers to implement practices of the act among the other bodies of India. These officers have the power to enforce the implementation of practices of this act. 
• The Employee’s state insurance act 1948 also collects some amount of money from the compensation of employees to regulate all its functioning and to facilitate other employees. 
• The Director-General of employees states insurance act has the authority to make decisions for facilitating the act’s implementation. He can also modify the implementation strategies according to the need. 
• It is the responsibility of the employee’s state insurance act 1948 to maintain the budget of all expenditures, which are done to provide compensation and other facilities to the employees. 

Benefits of Employees State Insurance Act 1948

Employees state insurance act 1948 comes into consideration for providing the compensation benefits to the employees. Along with this, it also has several benefits, which are catalogued below:

Medical Benefit

Along with this, the salary of those employees does not get deducted during the period of their treatment. They also get a certain percentage of compensation if any of their family members get any severe medical illness. 

Maternity Benefit

It is the best benefit provided to the women by the employee’s state insurance act 1948. Women who are pregnant get extra leave before and after their delivery. It means pregnant women are not required to join the office for some months before and after their delivery. They will receive their full salary during their maternity leave. 

Disablement Benefit

Employees state insurance act 1948 also provides extra benefits to those who are differently abled. It provides extra reservations to disabled individuals of various categories. 

Unemployment Benefits 

Employees state insurance act 1948 also provides some monthly compensation to those unemployed and eligible to perform jobs. Along with this, it also provides loans to the persons who want to launch their startups. They can take the loans at lower interest under this act. 

Insurance Benefits 

Employees state insurance act 1948 provides insurance benefits to both government and private employees. 

Medical Colleges of Employees State Insurance Act 1948

Employees state insurance act 1948 provides different facilities to the employees. Along with this, it also regulates eight colleges throughout the county, in which it provides training to both employees and their officers. These are:

• ESIC Medical College and PGIMSR: The different branches of this college are located in different parts of the country. It is located in the seven different states of India. These are Karnataka (Bengaluru), Tamil Nadu (Chennai), West Bengal (Kolkata), Haryana (Faridabad), and Telangana (Hyderabad), Karnataka (Gulbarga), Rajasthan (Jaipur). 
• ESIC Medical College and Hospital: It is located in Patna, Bihar.

Conclusion 

Employees state insurance act 1948 is the legislative body of India which provides enormous benefits to the employees. The headquarters are located in New Delhi, from where the whole functioning of the act is regulated. The central government and the ministry of labour and employment together regulate the functioning of employees state insurance act 1948. According to the reports, the act runs with a budget of ₹80,000 crores. Within the 70 years after launching, this act had already provided numerous benefits to several employees of India and will continue to provide such benefits in future with more facilities.