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The acronym ESIC stands for Employees' State Insurance Corporation, which operates as a legislative entity under the ownership of the Government of India's Ministry of Labor and Employment. The financial management of ESIC is carried out in accordance with the regulations outlined in the ESI Act of 1948.

The Employee State Insurance Corporation Scheme aims to provide its members with financial security in the event of unforeseen health-related circumstances. Moreover, the scheme encompasses various benefits such as medical support, disability aid, maternity benefits, unemployment grants, and more. The central headquarters of ESIC is situated in New Delhi. To facilitate the effective implementation of the ESI plan, ESIC has established twenty-three regional offices, twenty-six sub-regional offices in various states, and over 800 local offices spanning across the country.

 

ESI Act

The Employees' State Insurance Corporation (ESIC), established by the ESI Act, operates as an independent corporation under the Government of India's Ministry of Labor and Employment. Being a recognized entity, the corporation has the authority to secure loans and undertake actions to repay them with prior approval from the central government. It is entitled to acquire both movable and immovable property, with all resulting revenues vesting in the corporation. ESIC has the option to establish hospitals independently or in collaboration with state governments or private entities. However, a significant number of dispensaries and hospitals are operated in conjunction with associated state governments.
 

ESIC Structure

The appointment of the ESIC Director-General is made by the Central Government. The corporation's executive authority is vested in a standing committee comprising ESIC members. Additionally, there exists a Medical Benefits Board responsible for advising the ESIC on medical benefit-related matters. ESIC oversees the ESI scheme (Employee State Insurance) and ensures that the services offered under this scheme align with the standards set by the International Labour Organization. The funding required for this plan is obtained through contributions from both employers and employees.

Benefits

According to section 46 of the ESI Act, 1948, six benefits are predicted to its subscribers:

1. Medical assistance
2. Sickness assistance
3. Maternity assistance
4. Disablement assistance
5. Dependants assistance
6. Other benefits

Medical and Dental Colleges under ESIC

8 Medical Colleges  are administered by the Ministry of Labor and Employment (India) under the ESI Corporation. They are as follows:

1. ESIC Medical College and PGIMSR, K. K. Nagar, Tamil Nadu
2. ESIC Medical College and PGIMSR, West Bengal
3. ESIC Medical College and PGIMSR, Telangana
4. ESIC Medical College and PGIMSR, Karnataka
5. ESIC Medical College and PGIMSR, Haryana
6. ESIC Medical College and PGIMSR, Karnataka
7. ESIC Medical College and Hospital, Rajasthan
8. ESIC Medical College and Hospital, Bihar

The management of the remaining three medical colleges has been given over to the concerned State Governments under various MoU. They were launched by the ESI Corporation but have been administered by the state government since commencement. They are:

1. Shri Lal Bahadur Shastri Government Medical College & Hospital, Himachal Pradesh.
2. Government Medical College & ESI Hospital, Coimbatore
3. Government Medical College, Kerala.

The Dental colleges managed by the ESI Corporation are situated in New Delhi and Gulbarga, Karnataka.

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