Corporate Law : The Employees' Deposit-Linked Insurance Scheme (EDLI) by the Employees Provident Fund Organisation (EPFO) offers a safety net for ...
Corporate Law : Employees’ Provident Fund- Contribution Rate The EPF & MP Act, 1952 was enacted by Parliament and came into force with e...
Corporate Law : Foreign assignments involving mobility of international workers has always been entangled in the complexities of two legislations....
Corporate Law : Article cover Rate of Contribution under Employee Pension Scheme (EPS), Employees' Provident Fund (EPF) and Employee Deposit Linke...
Corporate Law : Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976 ♦ Maximum assured benefit up to Rs. 7 lakh ...
Corporate Law : Ministry of Labour and Employement (Government of India) Salient Features of Employees’ Deposit Linked Insurance (EDLI) Sche...
Corporate Law : Prime Minister’s Office Government announces further measures to help families who lost the earning member due to Covid Fami...
Corporate Law : Shri Gangwar launched virtual hearing facility in quasi-judicial cases under EPF & MP Act, 1952 through Video conferencing. Amendm...
Corporate Law : EDLI Scheme amendment revises assurance benefits for deceased employees’ nominees, effective retrospectively from April 28, 2024...
Corporate Law : EPFO constituted committees for drafting schemes under Social Security Code 2020. This article provides details of committees and ...
Corporate Law : Even where an employee has died while in service, some offices are rejecting the claims saying that the contribution was not recei...
Corporate Law : It has been observed that various proposals regarding grant of exemption/ extension of Exemption from EDLI Scheme - 1976 have been...
Corporate Law : The maximum assurance benefit payable under paragraph 22(3) of EDLI Scheme has been enhanced to Rs. 7 lakh from earlier maximum be...
EDLI Scheme amendment revises assurance benefits for deceased employees’ nominees, effective retrospectively from April 28, 2024. Learn key details here.
The Employees’ Deposit-Linked Insurance Scheme (EDLI) by the Employees Provident Fund Organisation (EPFO) offers a safety net for EPF members. This article provides an overview of EDLI, covering features, eligibility, premiums, and more. EDLI provides financial protection against an employee’s untimely demise, offering a sum assured up to Rs. 6 lakhs. Eligibility criteria include regular PF contributions and age below 58.
EPFO constituted committees for drafting schemes under Social Security Code 2020. This article provides details of committees and their members.
Even where an employee has died while in service, some offices are rejecting the claims saying that the contribution was not received during the previous few days and therefore the EDLI benefits are not payable on account of such NCP days.
It has been observed that various proposals regarding grant of exemption/ extension of Exemption from EDLI Scheme – 1976 have been forwarded by field offices to Head Office for approval of CPFC.
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 […]
Ministry of Labour and Employement (Government of India) Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme 1976 1. Maximum assured assured benefit up to Rs. 7 lakh paid to nominee or legal heir of EPF member, if death occurs while in service. 2. Minimum assurance benefit of Rs 2.5 lakh, if deceased member was […]
Prime Minister’s Office Government announces further measures to help families who lost the earning member due to Covid Family Pension to be given to dependents of those who lost their lives due to Covid under Employees State Insurance Corporation Insurance benefits under the EDLI scheme enhanced and liberalized These schemes will help mitigate financial difficulties […]
The maximum assurance benefit payable under paragraph 22(3) of EDLI Scheme has been enhanced to Rs. 7 lakh from earlier maximum benefit of 6 lakh (Under para 22(3) of the scheme, the salary multiple shall be 35).
This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021. It shall come into force on the date of its publication in the Official Gazette, except sub-clause (iv) of clause (b) of paragraph 2, which shall be deemed to have come into force on the 1 5th day of February, 2020.
