Oct 17, 2024
ESIC and Provident Fund (PF) are two employee benefits available to employees. Here's a comparison of their features and benefits:
Features: ESIC provides medical benefits to employees and their families, while PF provides retirement benefits to employees. ESIC contributions are made by both the employee and employer, while PF contributions are made by the employer.
Benefits: ESIC provides free treatment and medicines to employees and their families, while PF provides a corpus amount to employees at the time of retirement.
By comparing the features and benefits of ESIC and PF, employees can choose the option that suits their financial and retirement planning needs.