What is the Full Form of ESI ?
ESI - Employees State Insurance
Employees State Insurance is a Health Insurance scheme for Indian workers which provides medical and cash benefits to them. The scheme was managed by Employees State Insurance Corporation (ESIC), which is an autonomous corporation under Ministry of Labour and Employment, Government of India. ESIC manages their customers through the large network of their offices in India.
Benefits of ESI
The Insured person and their family could be benefited of this Insurance. The benefits can be a in form of cash or a medical claim. It would protect the interest of workers in contingencies such as illness, physical disability, paralysis, maternity, unemployment due to loss of service.