In India, several provisions relate to insurance for employees and workers, ensuring their protection in case of workplace-related risks, health issues, and social security needs. Here are the key provisions concerning employee and worker insurance: Employees' State Insurance Act, 1948 (ESI Act): This Act provides for social security and health insurance benefits to employees in factories and certain other establishments. Under the ESI Act, employees are entitled to medical benefits, sickness benefits, maternity benefits, disability benefits, and dependent benefits. Employers are required to contribute to the ESI fund based on the employee's wages, and the scheme covers employees earning below a specified threshold. Workmen's Compensation Act, 1923: This Act mandates that employers provide compensation to workers who suffer from injuries or disabilities resulting from accidents occurring in the course of their employment. The compensation amount is based on factors such as the severity of the injury, the employee’s average monthly wages, and the duration of incapacity. Employers can take insurance policies to cover their liability under this Act. Maternity Benefit Act, 1961: This Act provides for maternity benefits to female employees, including paid maternity leave and medical benefits before and after childbirth. Employers are required to ensure that eligible female employees receive maternity benefits, and they may opt for maternity insurance to cover these costs. The Employees' Provident Funds and Miscellaneous Provisions Act, 1952: This Act provides for the establishment of provident funds for employees in certain establishments, offering a retirement savings scheme. Employers and employees contribute to the provident fund, which can be withdrawn by employees upon retirement or under specific circumstances. Gratuity Act, 1972: This Act mandates that employers pay gratuity to employees who have completed a minimum period of service (five years). Gratuity acts as a form of insurance for employees upon leaving the organization after a specified period. Group Health Insurance: Many employers provide group health insurance policies for their employees, covering medical expenses, hospitalization, and health-related issues. These policies may include coverage for the employee's family members as well. Accidental Insurance: Employers may provide accidental insurance coverage to employees, which offers financial compensation in case of accidental death or disability occurring during the course of employment. Pension Schemes: The government and various employers offer pension schemes to provide financial security to employees after retirement. The National Pension System (NPS) is a voluntary retirement savings scheme backed by the government. Occupational Safety and Health Standards: The Factories Act, 1948, and other labor laws include provisions for ensuring occupational safety and health, requiring employers to implement safety measures to prevent workplace accidents and illnesses. Right to Insurance: Employees and workers have the right to seek insurance benefits as provided under various labor laws, and employers are legally obligated to adhere to these provisions. In summary, the provisions related to insurance for employees and workers in India encompass various acts that provide social security, health insurance, and compensation for workplace-related risks. These provisions aim to protect the rights and welfare of employees while ensuring that employers meet their legal obligations regarding employee insurance and benefits.

Dear client, In India various number of laws are providing social security and insurance for employees and workers. These provisions are to protect their pocket, as well as their health and safety. Laws that primarily anchor employees and workers’ insurance benefits regulation include; Employees’ State Insurance Act, 1948 (ESI Act) Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, Workmen’s Compensation Act, 1923, Code on Social Security, etc. 1. Employees’ State Insurance Act, 1948 (ESI Act): The ESI Act provides for both medical and cash compensations for sickness, maternity, disability or any other reason of occupational injury. - Eligibility: The establishments shall include those which pay wages exceeding ₹ 10,000/- per month or ₹ 25,000/- per month, as the case may be, to any employee. - Benefits: -Medical attention: Employees and their dependents receiving medical attention A kind of wages paid an employee while on medical leave. – Maternity benefits: Some paid leave for women employee in case of a pregnancy or miscarriage. - Disability benefits: Temporary/ permanent disability payments – Dependents’ benefit: Death benefits payable to the dependants in the event the employee dies as a result of a work-related accident. 2. The Employees' Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act): This Act deals with provisions for retirement benefits in the form of savings and Insurance under the Employees’ Provident Fund and the Employees’ Deposit Linked Insurance Scheme respectively. - EPF Scheme: Employees make contributions equivalent to 12% of their wages toward creating a corpus for retirement benefits recoverable from the employer. - EDLI Scheme: Provides life insurance to the employees of the firm who are under the EPF scheme and pays a certain amount of money to a nominee in the event that the employee dies while still in employment. 3. Workmen’s Compensation Act, 1923 (now under the Code on Social Security, 2020): This law offers cash benefits to employees in the event that they get injured, sustain a disability, or succumb to injuries through accidents or diseases arising out of and in the course of their employment. - Employer’s Liability: Workers are entitled to compensation which depends on wages and the nature of the worker’s injury. - Coverage: Suitable for workers who are exposed to risky jobs and sectors such as the mining, construction, and manufacturing sector. 4. The Code on Social Security, 2020: The Code also gathers several labor laws concerning social security, of insurance for workers. What’s more, it expands rights to both employees with ‘formal’ employment relationships and to ‘Informal’ workers. - Unorganized Workers: Administrates insurance schemes such as accident insurance under Pradhan Mantri Suraksha Bima Yojana and life insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana. - Gig and Platform Workers: Empowers gig workers and provides assurance of insurance through welfare measures. 5. Maternity Benefit Act, 1961: Instead of an insurance provision, it offers monetary incentives to the working women mass. The benefit of a paid maternity leave for 26 weeks with a medical allowance where nothing is provided by the employer. 6. Group Insurance by Employers: Most organizations provide group insurance to employees. This may include health, accident, and life insurance. These are schemes over and above the benefits stipulated by the state through ESI or EPF. Conclusion: Insurance under various laws of India relates to provisions that would help protect the employees and workers from uncertainties that can occur in relation to health hazards, disability, retirement, or death. The schemes implemented in reality assist better in securing the financial conditions and welfare of the employees, ensuring security for both formal as well as informal economy workers. In case of further queries please do not hesitate to contact us. Thanks.