ESIC Services
Dear Employer, Online Payment of ESI Contribution Made Easier. Now, facility for payment of ESI contributaion is available through net banking of State Bank of India (SBI) and 58 major banks w.e.f. 1st April, 2015. For more information, visit nearest ESIC office or log on ESIC websites 'www.esic.in', ''www.esic.nic.in.

Finance

ESI Scheme, like most of the Social Security Schemes the world over, is a self financing health insurance scheme. Contributions are raised from covered employees and their employers as a fixed percentage of wages. As of now, covered employees contribute 1.75% of the wages, whereas, the employers contribute 4.75% of the wages, payable to their employees. Employees earning upto Rs.100/- a day are exempted from payment of their share of contribution. The State Governments, as per provisions of the Act, contribute 1/8th of the expenditure of medical benefit within a per capita ceiling of Rs. 1500/- per Insured Person per annum. Any additional expenditure incurred by the State Governments, over and above the ceiling and not falling within the shareable pool, is borne by the State Governments concerned.