Oct 17, 2024
ESIC and Superannuation 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 Superannuation provides retirement benefits to employees. ESIC contributions are made by both the employee and employer, while Superannuation contributions are made by the employer.
Benefits: ESIC provides free treatment and medicines to employees and their families, while Superannuation provides a corpus amount to employees at the time of retirement.
By comparing the features and benefits of ESIC and Superannuation, employees can choose the option that suits their financial and retirement planning needs.