Tag Archives: ESIC

ESI Contribution Rates Reduced to 4 %

ESI stands for Employee State Insurance, this scheme is very important for workers of India.

It is a type of health insurance which is financed by the employee himself. This fund is governed by Employees’ State Insurance Corporation (ESIC) strictly according to rules and regulations under ESI Act 1948. ESIC is an autonomous body (Those bodies which are established independently and functions by its own law).

 

 

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