ESIC wins ISSA good practice award for Asia, Pacific region
The Employees’ State Insurance Corporation (ESIC) has won the ‘ISSA Good Practice Award’ for Administrative Solution for Coverage Extension at the “Regional Social Security Forum for Asia and the Pacific” held at Kuala Lumpur, Malaysia.The award recognizes the measures taken by ESIC for extension of coverage-SPREE (Scheme for Promoting Registration of Employers and Employees), reduced rate of contribution rates for 24 months in newly implemented areas and raising the wage limit for coverage under the ESI Act.
- The regional social security forum for Asia and the Pacific is a triennial Forum, which is the most important social security event in the region.
- The International Social Security Association (ISSA) invites submissions for the ISSA Good Practices award for Asia and the Pacific regions, on the occasion of the triennial regional forum.
- The Forum provides unique opportunities to CEOs and Managers of ISSA Member Institutions to discuss key social security challenges and share their experiences.
- The International Social Security Association was founded in 1927, under the auspices of the International Labour Organization (ILO), Geneva.
- It is the principal international organization for social security organizations, governments, and departments of social security.
- It promotes excellence in social security administration through professional guidelines, expert knowledge, services, and support to enable its members to develop dynamic social security systems.
- The Employees’ State Insurance Corporation (ESIC) was established by ESI Act 1948.It is an autonomous corporation under the Union Ministry of Labour and Employment, which manages the employee’s state insurance- the self-financing social security and health insurance scheme for Indian workers.
- The corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the property shall vest with the corporation.
- The corporation can also set up hospitals either independently or in collaboration with state government or other private entities, but most of the dispensaries and hospitals are run by the concerned state governments.