ESIC Full Form - What does ESIC Stand for? Facts, History

By Jyoti Bisht|Updated : April 22nd, 2022

ESIC Full Form: Do you know what ESIC stands for? What are its functions and advantages? Which medical and dental colleges come under ESI?

This article will give you a brief all about ESIC. If you are preparing for ESIC exams as well, then this piece of knowledge would be helpful for you.

So here we are with the complete details on ESIC, its full form, history, and salary details.

Table of Content

What is ESIC Full Form?

The full form of ESIC is Employees' State Insurance Corporation

byjusexamprepQuick brief about ESIC

Type of CompanyState-Owned
Founded In24th February 1952
Industry typeInsurance
HeadquartersNew Delhi, India
Official Websitehttps://www.esic.nic.in/
AbbreviationESI

History of ESIC

ESIC is a statutory body where funds are managed by the ESI corporation under the rules and regulations stipulated in ESI Act, 1948.

It is an integrated system tailored to provide protection to workers, dependents, organized sector, in contingencies like sickness, occupational hazards, disability, maternity, death, etc.

ESIC schemes are mainly financed by the employees covered under any of the schemes provided by ESI and their employers, as a fixed percentage of wages.

Do you know? 

ESI Corporation is run by the Union Minister of Labor, as its Chairman, whereas the Director-General who is appointed by the Central Government functions as its Chief Executive Officer (CEO).

What is ESIC Act?

ESI is an autonomous body corporation under the Ministry of Labor and Employment, Government of India.

Being a legal entity it can raise loans and even can take measures to discharge such loans with the prior sanction of the central government.

It can acquire movable and immovable property, both. This corporation can independently set up hospitals or in collaboration with state government and private entities but most of them are run by the state government.

What are the Benefits of Working at ESIC?

ESI provides various benefits to its customers, Benefits of ESI are listed below.

Section 46 of the Act envisages the following six social security benefits:-

  • Medical benefit
  • Sickness benefit
  • Maternity benefit
  • Disablement benefit
  • Dependants benefit
  • Funeral expenses

In addition, the scheme also provides some other need-based benefits to insured workers.

These includes :

i. Rehabilitation allowance
ii. Vocational Rehabilitation
iii. Unemployment Allowance (Under Rajiv Gandhi Shramik Kalyan Yojana)

To know more about ESIC, Contribution, click here

ESIC Job Openings 2022

ESIC Recruitment 2022 has a total of 3882 positions for Upper Division Clerk, Multi Tasking Staff, and Stenographer. The ESIC Recruitment 2022 online application is now closed. The ESIC admit card for UDC and Steno positions was officially distributed on March 9, 2022. For more information about ESIC recruiting in 2022, see the article below.

ESIC Salary (UDC, Stenographer & MTS)

ESIC UDC Salary: According to the ESIC UDC Salary, the starting base wage is Rs. 25,000/-, which can be enhanced to Rs. 81,000 following many promotions over the ESIC service tenure. The ESIC UDC's career path is Upper Division Clerk, Assistant, and Social Security Assistant. The salary is determined by the 7th Pay Commission; see the ESIC UDC Salary page for further information.

ESIC Stenographer Salary: According to the ESIC Stenographer Salary, the starting base wage is Rs. 25,000/-, which can be enhanced to Rs. 81,000 following numerous promotions within the ESIC service tenure. The wage is determined by the 7th Pay Commission; see the ESIC Steno Salary page for further information.

ESIC MTS Salary: According to the ESIC MTS Salary, the initial basic wage for Multi Tasking Staff is Rs. 18,000/-, which can be enhanced to Rs. 56,900 following several promotions over the service tenure at ESIC. The compensation will be paid in accordance with the 7th Pay Commission; for more information, see ESIC MTS Salary.

This was all about the ESIC full form, its history, ESIC Act, Salary, and vacancies. If you are aiming for any exam under ESIC then this information will surely help you in knowing more about the organization you want to work with. In case you have any issues, reach out to us below in the comment section.

Also, Check:

Other Important Links-

ESIC Notification 2022ESIC Apply Online 2022
ESIC Vacancy State WiseESIC Salary
ESIC Syllabus 2022 PDFESIC Exam Pattern
ESIC Cut OffESIC Books
ESIC Test seriesESIC Online Coaching

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