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A Study of the Performance of ESI Sickness Benefit Schemes in Madurai District

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  • P Sekar
  • K Jeyakodi

Abstract

Social security system means a set of legal provisions to define benefits for defining categories. It is based on the ideals of human dignity and social justice. According to Lord Beverage, “Social security is a fight against want, disease, ignorance, inequality and idleness”. The industrial work force which is responsible for the country’s prosperity should be provided with adequate protection against certain risks or hazards to which their lives are exposed. The benefit schemes of Employees’ State Insurance Corporation of India (ESI) have a great role in influencing the subscribers to avail such benefits. It is to be mentioned that though the employees contribute to the ESI fund as a deduction from their salary, some of them may be ignorant of their purpose. The reason is that there is no awareness on the part of the employees. Thus, the utilization of the ESI benefit schemes to a great extent depends upon the workers’ awareness of such schemes. The degree of awareness of such benefits depends upon the age, gender, education, occupation and years of service of the employees. The awareness level differs from employee to employee.

Suggested Citation

  • P Sekar & K Jeyakodi, 2012. "A Study of the Performance of ESI Sickness Benefit Schemes in Madurai District," The IUP Journal of Management Research, IUP Publications, vol. 0(4), pages 71-78, October.
  • Handle: RePEc:icf:icfjmr:v:xi:y:2012:i:4:p:71-78
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