Category: Regulatory Compliances

Regulatory Reforms in the Indian Insurance Industry, March 2024 Edition

The recent regulatory revamp by the Insurance Regulatory and Development Authority of India (IRDAI) marks a pivotal moment in the evolution of the Indian insurance sector. By consolidating existing regulations and introducing new ones, IRDAI has taken significant strides towards fostering a more transparent, efficient, and customer-centric insurance ecosystem in the country. While these reforms […]

ESI Scheme- Benefits and Eligibility

Employee State Insurance Corporation Schemes (ESI Scheme): Benefits & Eligibility

The Employees State Insurance Corporation (ESIC) is a statutory body under the Ministry of Labour and Employment, Government of India. Employees earning less than Rs.137 per day are exempted from payment of their contribution.

vector image of Employee State Insurance CorporationEmployee State Insurance Corporation

Employee State Insurance Corporation

Employee state insurance corporation (ESIC) is a comprehensive insurance system that safeguards the employee in situations like disability, sickness, maternity, as well as in case of demise. All the benefits administered are in line with the international labor organization. ESIC administers the ESI (Employee state insurance). Recommended Post Benefits of ESI Scheme Who is covered […]