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Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976
♦ Maximum assured benefit up to Rs. 7 lakh paid to nominee or legal heir of EPF member, if death occurs while in service.
♦ Minimum assurance benefit of Rs 2.5 lakh, if deceased member was in continuous employment for 12 months prior to his/her death.
♦ Minimal contribution by employer @ 0.5% of employees’ monthly wages, up to wage ceiling of Rs. 15,000.
♦ No contribution paid by employee.
♦ Auto enrollment of PF members in EDLI Scheme.
♦ Benefit directly credited to bank account of nominee or legal heir.
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