The Employees rsquo State Insurance Act 1948 protects the interest of workers in contingencies such ...........

Industrial Relation and labour law Labour Laws -II

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The Employees’ State Insurance Act, 1948 protects the interest of workers in contingencies such as —

I. Sickness

II. Maternity,

III. Temporary or permanent physical disablement,

IV. Death due to employment injury resulting in loss of wages or earning capacity.

Select the correct answer form the codes given bellow:

I only

II only

I, III and IV

I, II, III and IV

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Explanation:

Employees' State Insurance (abbreviated as ESI) is a self-financing social security and health insurance scheme for Indian workers. The fund is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948. ESIC is a Statutory Body and Administrative Ministry is Ministry of Labour and Employment, Government of India.1- Medical benefit 2- Sickness benefit 3- Maternity benefit 4- Disablement benefit 5- Dependants benefit 6- Funeral expenses 7- Rehabilitation allowance For all employees earning ?21,000 (US$290) or less per month as wages, the employer contributes 3.25% and the employee contributes 0.75%, total share 4%.

This fund is managed by the ESI Corporation (ESIC) according to rules and regulations stipulated there in the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family. ESI scheme is a type of social security scheme for employees in the organised sector.