Oct 17, 2024
ESIC and Health Insurance are two medical insurance options available to employees. Here's a comparison of their features and benefits:
Features: ESIC is a mandatory medical insurance scheme, while Health Insurance is a voluntary insurance option. ESIC contributions are made by both the employee and employer, while Health Insurance premiums are paid by the investor.
Benefits: ESIC provides free treatment and medicines to employees and their families, while Health Insurance provides financial assistance for medical expenses. ESIC provides maternity and disablement benefits, while Health Insurance may or may not provide these benefits.
By comparing the features and benefits of ESIC and Health Insurance, employees can choose the option that suits their medical insurance needs.