Employees’ State Insurance Corporation (ESIC) – Set Of 7 Values 1.50np up to 11.25np Stamps ESIC
Employees’ State Insurance Scheme of India, popularly known as the ESI scheme, is a multidimensional social security system tailored to provide socio-economic protection to worker population and their dependants covered under the scheme. Besides full medical care for self and dependants, that is admissible from day one of insurable employment, the insured persons are also entitled to a variety of cash benefits in times of physical distress due to sickness, temporary or permanent disablement etc. resulting in loss of earning capacity, the confinement in respect of insured women, dependants of insured persons who die in industrial accidents or because of employment injury or occupational hazard are entitled to a monthly pension called the dependants.
The ESI schemes are being implemented by the Employees’ State Insurance Corporation (ESIC). This scheme came into existence through the Employees’ State Insurance Act, 1948 which is the first major legislation in this field. Further impetus was provided by the first Prime Minister of India, Pandit Jawahar Lal Nehru by registering himself as the first Honored Insured Person on 24th February, 1952.