ESI Full Form | What Does ESI Stand For?

ESI: Employees’ State Insurance

ESI Full Form

ESI Full Form

ESI full form stands for Employees’ State Insurance. State Employees Insurance (ESI for short) is a self-financing social security and health insurance scheme for Indian workers. The fund is managed by the Employees’ State Insurance Corporation (ESIC) in accordance with the rules and regulations laid down in the ESI Act, 1948.

ESIC is an autonomous corporation under the Ministry of Labor, Government of India. It services and manages its customers through its large network of offices in India. It is headquartered in New Delhi and will run till July 2017. Raj Kumar is the Director-General of ESIC.

Brief History

  • In March 1943, Prof. B.P. by the Government of India to prepare a report on the Health Insurance Scheme for Industrial Workers.
  • This report became the basis of the Employment State Insurance (ESI) Act of 1948.
  • An integrated needs-based social insurance scheme is envisaged under the Employees’ State Insurance Act, 1948, which will protect the interests of workers in emergencies like maternal illness, temporary, or permanent physical disability, etc.
  • The scheme was first implemented in Kanpur and Delhi on 24 February 1952. Under the Act, employees were denied their responsibilities under the Maternity Benefit Act, 1961 and Workmen Compensation Act, 1923.
  • The Act guarantees adequate good medical care to workers and their immediate dependents. Set up an ESI Corporation to manage the scheme after the announcement of the Central Government’s ESI Act.

Benefits

  • Medical benefit
  • Dependants benefit
  • Funeral expenses
  • Rehabilitation allowance
  • Sickness benefit
  • Maternity benefit
  • Disablement benefit

What Is The Full Form Of ESI?

ESI full form stands for Employees’ State Insurance. ESI is a self-financing social security and health insurance scheme for Indian workers. The fund is managed by the Employees’ State Insurance Corporation (ESIC) in accordance with the rules and regulations laid down in the ESI Act, 1948.

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