Page 234 - DCOM207_LABOUR_LAWS

Unit 13: The Employees’ State Insurance Act, 1948

13.9 Keywords Notes

Applicability: Relevance by virtue of being applicable to the matter at hand.

Corporation: Corporations are business entities are separate from That Their owners, corporations
have shareholders, and the shares may be privately or closely held.
Coverage: The initiation of coverage leads to the subsequent publishing of reports, research and
recommendations related to the issue.
Disablement: A disability may be physical, cognitive, mental, sensory, emotional, developmental
or some combination of these.

Employee: An individual who works part-time or full-time under a contract of employment,
whether oral or written, express or implied, and has recognized rights and duties.
Insurance: Insurance is the equitable transfer of the risk of a loss, from one entity to another in
exchange for payment.
Maternity: The quality of having or showing the tenderness and warmth and affection of or
befitting a mother.

Penalty: A punishment imposed for violating a law or agreement; money one will pay for
breaking a law or violating part or all of the terms of a contract.
Wage Ceiling: Highest pay possible within a particular wage bracket and is agreed upon as the
upper range of a wage bracket.
Wages: Monetary remuneration computed on hourly, daily, weekly, or piece work basis.

13.10 Review Questions

1. Define Employee.
2. Discuss the objective of ESIC.

3. Explain the applicability of ESIC Act.
4. Highlight the coverage of ESIC Act.
5. What are the benefits of ESIC Act?
6. Discuss the Powers and duties of the ESI Corporation.

7. Highlight the role of ESIC.
8. Describe the role of ESI Hospital.
9. Explain the initial equipments for ESI Hospitals.
10. Throw some light on the penalties and damages in this Act.

Answers: Self Assessment

1. False 2. False
3. True 4. ESI

5. 19 April 1948 6. Directive
7. True 8. False
9. True 10. 40

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