I own a small company of 7 employees including myself. I am about add 4 to 5 more employees.
I read somewhere that company having more then 10 employees come under ESI compliance.
My query is, can I go for group insurance instead of ESI? I am planning to buy a cover of 3.5Lakh for each employee. If I go for group insurance, will my company be exempted from ESI?
The only reason I don't want ESI is that none of my employee wants to to a ESI / govt. hospital for the treatment.
Thanks in advance