What does ESI stand for?

Employer Saving Initiative

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Employer State Insurance

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Employee State Insurance

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Employee Saving Initiative

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Solution

The correct option is C Employee State Insurance
ESI stands for Employee State Insurance. They provide medical insurance which helps employees procure medicine free of cost and takes care of all the medical expenses of himself and those who depend on them. For this purpose, a small amount is deducted by the company every month. The company and the government cover the rest.

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