Registration of ESI & PF

ESI & PF are the social security measures taken by the government. Employees State Insurance Scheme (ESI) is a social security scheme provided for the welfare and protection to the labourers. ESI includes all the uncertain events which happen in the field of working like sickness, accidents, maternity, death, temporary disablement, permanent disablement, injury, any injury by hazard at the time of employment. ESI is applicable for establishments wherein 10 or more persons are employed.

Provident Fund ( PF) can be relatable to the famous proverb that “Even a small drop of water makes an ocean” it a small amount that you contribute from your each month salary towards the provident fund, the small amount will converted into lump sum upon the time of retirement or the completion of your employment time. The provident fund scheme is applicable for establishments wherein 20 or more persons are employed.

Advantages on ESI & PF Registration

Medical Benefits:All types of medical benefits can be availed through the Employees State Insurance Scheme (ESI) where 70% of the medical expenses will be covered including the maternity benefits, old age benefits, diablements and medical related issues.

Monetary Benefits: In case of any uncertain or emergency period the employees cannot bear the expenses which arise, at the time the monetary benefit can be availed by the person.

Social Security:Not all individuals have the habit of saving for their future life but PF registration helps and encourages a person to save a small amount from his salary. This saving results in a huge monetary amount for their future lifestyle.