Introduction India is a socialist country. Therefore, social benefits that are governed by labour laws are regarded as sacrosanct. Social security schemes in India not only protect the employees but also their families by giving benefits in financial security and healthcare. These schemes guarantee long-term sustenance for families when the earning member retires, dies, or suffers a disability, thus helping insure the future and protect the interests of the employee. The various Labour Laws of…
ESIC – History Employees’ State Insurance Corporation (ESIC) as a scheme was inaugurated on the 24th February 1952 in Kanpur by our then Prime Minister Pandit Jawahar Lal Nehru. The Scheme was simultaneously launched in Delhi, and the initial coverage for both the centres was 1,20,000 employees. It is the first Social Security scheme enacted to protect the employees and their dependents in 1944. The ESI Act, 1948 covers contingencies such as sickness, maternity, temporary…