ESIC discusses amendments in the ESI Act-1948, for providing option to employees to choose either ESI or Health Insurance Product services recognized by IRDA; in 165th Meeting of the E.S.I. Corporation held on 07.04.2015
The Employees’ State Insurance Corporation today discussed for providing option to employees to choose either ESI Benefits or Health Insurance product recognized by IRDA, in its 165th Meeting; in reference to the Budget Speech- 2015-16 (Para 62) of Hon’ble Finance Minister. Shri Bandaru Dattatreya, Hon’ble Minister of State for Labour & Employment (Independent Charge), Govt. of India chaired this meeting. The Hon’ble Minister stated that Ministry of Labour & Employment will further examine the proposed amendment of ESI Act, 1948 after taking into account the views expressed during the meeting by the members as well as other stakeholders of ESIC. It was felt that if workers have an option; it is likely to bring in competition, leading to improvement in the services by ESIC. The Hon’ble Minister further stressed that the interest of worker is important and their well being is the top most priority of the Govt. Consensus for the requisite amendments will be arrived amongst all the stakeholders.