Employees State Insurance Corporation (ESIC) was formed under The Ministry of Labour and Employment in 1952. The Government initiated several schemes under ESIC as the value of human resource is optimal for the success of any research institute or corporate firm. ESIC runs multiple schemes for health and retirement benefits which an employee has official right to incase he/she wishes to encash them over a period of time. ESIC has served over 63 years with impeccable response rate.