Employees’ State Insurance Corporation

Employees’ State Insurance Corporation Latest News

Recently, the Employees’ State Insurance Corporation (ESIC) commenced the celebration of its 75th Year of Service at Bharat Mandapam, New Delhi. 

About Employees’ State Insurance Corporation

• It is a statutory body formed under the ESI Act 1948.
• It is functioning under the aegis of Ministry of Labour and Employment, Government of India.
• It manages the ESI scheme, which provides medical, maternity, and financial benefits to employees.
• Functions: ESIC provides various social security benefits like Medical Benefit, Monetary benefits to the workmen and their family working in the private and public sector.

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Genesis of ESIC

• The first document on social insurance was “Report on Health Insurance” submitted to the Tripartite Labour Conference, headed by Prof. B.P.Adarkar who was acknowledged as Chhota Beveridge.
• In 1948 Dr. C.L.Katial took over as the 1st Director General of ESIC
• The ESI scheme was inaugurated in Kanpur on 24th February 1952 (ESIC Day) by then Prime Minister Pandit Jawahar Lal Nehru.

Composition of ESIC

• The Union Minister of Labour heads the ESIC as its Chairman.
• The Central Government appoints a Director General as the Chief Executive Officer of ESIC. 
• The ESIC comprises members representing crucial interest groups, including employers, employees, the Central and State Governments, representatives of the Parliament and the medical profession. 

 Source: PIB