New Provision under EDLI Scheme | about Benefits. Big Relief for EPF Members under EDLI Scheme! Now, a gap of up to 2 months between two jobs will be considered as continuous service under the EDLI Scheme, 1976 — ensuring uninterrupted assurance benefits for your loved ones.
In this video, we discuss the recent changes in the Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976, as approved by the EPFO’s Central Board of Trustees. The EDLI scheme offers a valuable insurance benefit to EPF members and their families in case of death. With the new provisions, the scheme has become more beneficial for members.
Key changes include:
- A guaranteed minimum benefit of ₹50,000 for members with less than 1 year of EPF membership.
- Eligibility for benefits even if the EPF contribution has not been made for up to 6 months prior to the member’s death.
- The continuity of service is recognized even if there’s a 2-month gap between two periods of EPF membership.