What is the Difference between Workmen’s Compensation Insurance Policy and ESIC?

What is Meaning of ESIC? The meaning of ESIC is Employee State Insurance Corporation. ESIC comes under Minister of Labour and Employment, Government of India. Employee Benefits Package are an important part of retaining and attracting talented employees. Employers cover their employees under various insurance plans such as a Group Health Insurance Plan, Group Personal […]

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Workmen’s Compensation Act 1923: Eligibility, Amount of Compensation, Overview

Workmen Compensation Act 1923

What is the Workmen’s Compensation Act 1923? The Workmen’s Compensation Act 1923, also known as Employee Compensation Act, came into force on 1st July 1924, and it applies across India. The Workmen Compensation Act 1923 was formed to provide compensation to workers who faced Accidental Death or Injuries in the course of employment. The Act makes […]

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Benefits of Workers Compensation Insurance Policy in India

Benefits of Workers Compensation Insurance Policy in India

Workers in India are entitled to a safe working environment as per the law. Employers can be held legally liable if an employee suffers from any workplace related injury. Workplace-related accidents and injuries are a common occurrence and such injuries leave the family of employees in an extremely vulnerable position since the injured worker faces […]

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How is Workmen’s Compensation Insurance Policy Claim Settlement Amount calculated?

Workmen Compensation Insurance Policy Claim Amount Calculation

A Workmen’s Compensation Insurance Policy is a Policy which covers the legal liability of the employer to provide the compensation to an employee in case the employee suffers from an injury or death in the course of his employment. A Workmen’s Compensation Insurance Policy is also known as WC Insurance Policy. This article describes in […]

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