Business Standard

No cash benefits for ESIC subscribers without bank account details

The corporation will further encourage employers to update mobile numbers and bank account details of existing subscribers via an online portal

savings, schemes, funds, cash, insurance, tax, salary
Premium

The ESIC has decided to not take registration for new employees unless their employers submit bank account and mobile number details

Somesh Jha New Delhi
The Employees’ State Insurance Corporation (ESIC) has started a drive to de-duplicate its subscribers’ data in a bid to do better targeting of insurance benefits to the private sector workers.

The ESIC has decided to not take registration for new employees unless their employers submit bank account and mobile number details beginning July 1. “To improve the efficiency in the disbursement of ESIC benefits (including claim reimbursement) and bring transparency, the competent authority has ordered to make mobile number and bank account details of an employee mandatory pre-requisite for registering an insured person,” a circular issued by the ESIC on

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in