How does the Employees’ State Insurance Corporation (ESIC) contribute to expanding social security in India
ESIC added 19.42 lakh new subscribers in August.
- The Employees’ State Insurance Corporation (ESIC) contributes to expanding social security in India by providing medical and cash benefits to workers and their dependents.
- ESIC is a self-financing social security and health insurance scheme for workers in the organized sector.
- It provides medical care through its network of hospitals, dispensaries, and clinics across the country.
- The scheme covers employees earning up to Rs. 21,000 per month and offers comprehensive benefits like medical treatment, maternity benefits, disability benefits, and unemployment allowance.
- ESIC aims to ensure that workers and their families have access to quality healthcare, financial protection, and support during medical emergencies and contingencies.
- ESIC also contributes to expanding social security by providing cash benefits to insured workers during periods of sickness, injury, or maternity leave.
- The scheme helps in reducing the financial burden on workers and their families during such times.
- By adding 19.42 lakh new subscribers in August, ESIC is extending social security benefits to a larger number of workers and promoting a more inclusive and comprehensive social security system in India.
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