ESIC provides medical benefits to employees and their families and also contributes to retirement planning. Here's the importance and procedure of ESIC and retirement planning:

• Importance: ESIC contributions made by the employer are deposited in the Employee's Pension Scheme, which provides retirement benefits to employees.

• Procedure: Employees can check their ESIC contribution history on the ESIC website and plan their retirement accordingly.

By understanding the importance and procedure of ESIC and retirement planning, employees can ensure their financial security at the time of retirement.