Compensation and Benefits The benefits include: Free medical treatment for the insured colleague and his or her dependents at ESIC Clinics and Hospitals. Free medicines from ESIC pharmacies. Sickness benefit is applicable when an employee is sick for more than 48 hours. Disablement benefit. Accident benefit can be claimed only in case an employee meets with an accident whilst on duty. Dependent benefit in case of death of the insured colleague. Funeral expenses up to Rs 2000/- in case of death of the insured colleague. For availing of these above mentioned benefits with the ESIC you are supposed to carry the ESIC membership card which will be provided to you if applicable by the Human Resources. For more details on the administration of the ESIC scheme and the facilities under the ESIC if applicable please do visit http://www.esic.nic.in 4. Provident Fund Provisions of “The Employees’ Provident Fund and Miscellaneous Provisions Act”, 1952 covers all the colleagues. Employee and employer contribution shall be deposited on a monthly basis in your provident fund account. 5. Medi-claim Insurance Under this policy, the Insurance Company will reimburse all hospitalization expenses incurred by you, your spouse and up to two dependent children up to the age of 21 years as per the insurance policy. The details of the policy are available with the human resources department. 6. Personal Accident Insurance You will be covered under Group Personal Accident Insurance policy. Under this policy, you are insured against partial or permanent disablement as well as death due to accident. The sum insured under this policy is as per the designated level of the employee. 7. End of Service Benefits Any employee who has completed five years or more of continuous service shall be entitled to end-of-service gratuity at the end of his/her service in accordance with the Payment of Gratuity Act, 1972 as may be amended from time to time.
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