Phase IFoundation
Background
Overview
ESIC is a crucial institution for social security in India, directly impacting millions of workers in the organised sector. Its reforms, expansion, challenges (like privatisation concerns), and digital transformation are important for understanding welfare policies, labor economics, and governance in India.
The Employees' State Insurance Corporation (ESIC) is a statutory body under the Ministry of Labour and Employment, Government of India. It administers a self-financing social security and health insurance scheme for Indian workers, established under the Employees' State Insurance Act, 1948.