(THE GIST OF PIB) Employees’ State Insurance Corporation

(FEBRUARY-2026)

Employees’ State Insurance Corporation

Recently, the Employees’ State Insurance Corporation (ESIC) commenced the celebration of its 75th Year of Service at Bharat Mandapam, New Delhi.

About Employees’ State Insurance Corporation:

• It is a statutory body formed under the ESI Act 1948.

• It is functioning under the aegis of Ministry of Labour and Employment, Government of India.

• It manages the ESI scheme, which provides medical, maternity, and financial benefits to employees.

• Functions: ESIC provides various social security benefits like Medical Benefit, Monetary benefits to the workmen and their family working in the private and public sector.

Composition of ESIC:

• The Union Minister of Labour heads the ESIC as its Chairman.

• The Central Government appoints a Director General as the Chief Executive Officerof ESIC.

• The ESIC comprises members representing crucial interest groups, including employers, employees, the Central and State Governments, representatives of the Parliament and the medical profession.

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Courtesy: PIB