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Current Affair 09.10.2018

In: Asia
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Created: 09 Oct 2018

ESIC wins ISSA good practice award for Asia, Pacific region

The Employees’ State Insurance Corporation (ESIC) was awarded the ‘ISSA Good Practice Award’ for administrative solution for coverage extension at the ‘Regional Social Security Forum for Asia and the Pacific’ held recently at Kuala Lumpur, Malaysia.

The award recognizes the measures taken by ESIC for extension of coverage of the Scheme for Promoting Registration of Employers and Employees (SPREE), reducing the rate of contribution rates for 24 months in newly implemented areas and raising the wage limit for coverage under the ESI Act.

The certificate of merit was received Raj Kumar, IAS and Director General of ESIC on behalf of the corporation. 

Key Highlights

 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.

About ISSA

The International Social Security Association was founded in 1927, under the auspices of the International Labour Organization (ILO), Geneva.

It is the principal international organisation for social security organisations, 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.

About ESIC

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.