Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976

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.