ESIC

Esic is a common acronym referring to the Employees' State Insurance Corporation (ESIC) in India, a statutory body under the Government of India responsible for administering the Employees' State Insurance Scheme. The ESIC was established under the Employees' State Insurance Act of 1948 and began operations in 1952. It manages a social security program for workers and their dependents through medical care, cash benefits, and rehabilitation services.

Scope and services: ESIC covers eligible establishments and their workers with a system of medical care and cash benefits. It provides medical care through a network of hospitals and dispensaries, as well as cash benefits for sickness, maternity, disablement, and dependents’ benefits. It also offers vocational rehabilitation and funeral expenses. Contributions toward the scheme are made by both employers and employees at prescribed rates, and the fund is managed by a central board with representation from employees, employers, and the government, along with regional offices for administration.

Governance and operations: The ESIC is overseen by a Central Board of Trustees, with governance and policy direction from the Government of India and local boards. It operates under the Ministry of Labour and Employment and maintains a nationwide network of medical facilities and services, including online enrollment and claims processing.

Other uses: The acronym ESIC may refer to other organizations in different contexts. A related term is ESICM, which stands for the European Society of Intensive Care Medicine. The lowercase “esic” might also appear in place names or abbreviations in other languages and contexts.