If we have a group medical Insurance in our company, is it that do we have any possibilities of replacing the ESI? Help me on it.
From India, Madras
From India, Madras
19
hi sultan,
mediclaim can not be replaced by ESIC.
there are different covers on both of them
as per the law, the employee whose annual income is less than or equal to 120000/- (one lakh twenty thousand) will be covered under ESIC.
any employee whose annual income exceeds more than that will be covered under the mediclaim insurance.
you can not replace it with ESIC at all.
From India, Delhi
mediclaim can not be replaced by ESIC.
there are different covers on both of them
as per the law, the employee whose annual income is less than or equal to 120000/- (one lakh twenty thousand) will be covered under ESIC.
any employee whose annual income exceeds more than that will be covered under the mediclaim insurance.
you can not replace it with ESIC at all.
From India, Delhi
NO esic is a social sector organisation under minisrty of labour who provides medical facilities to the employees who is working with unorganised sector with salary of Rs. 10000/- pm inclusive of all allowances. They also provide cash benefit to employees only on their contributions. But Group Medical facility only provide facility to those employees who are not covered under ESIC with cashless benefits.
From India, Ghaziabad
From India, Ghaziabad
Dear Sumit,
As per my experience, of course ESIC can not replace with Medical Facility, if employee is getting Rs. 10000/- Pm then ESIC is very compulsory.
But Group Medical Insurance facility is depend on your company policy.
In my company ESIC covered employees are also covered under (Private) group medical facility (when & as required, Insurance coverage Rs. 100000/-) and they are eligible for medical allowance (pay on salary slip_Per month @ 1250/-) also.
From India, Pune
As per my experience, of course ESIC can not replace with Medical Facility, if employee is getting Rs. 10000/- Pm then ESIC is very compulsory.
But Group Medical Insurance facility is depend on your company policy.
In my company ESIC covered employees are also covered under (Private) group medical facility (when & as required, Insurance coverage Rs. 100000/-) and they are eligible for medical allowance (pay on salary slip_Per month @ 1250/-) also.
From India, Pune
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Medical Benefit For Dependent Under The Employees State Insurance (Central) Rules,1950 Increased.pdf