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.

EDLI Calculation

The insurance amount that the heirs of a deceased member get is calculated as 35 times the average monthly salary in the last 12 months of employment.

The maximum average monthly salary of an employee is capped at Rs. 15,000

So, 35 times the salary comes to be around to be 35 x ₹ 15,000 = Rs. 5,25,000

A bonus amount of up to Rs.1,75,000 is also paid to the claimant under this scheme

Thus, the total amount payable under this scheme to the beneficiary is Rs. 7,00,000

EDLI Form 5 IF

EDLI Form 5 IF is filled by the nominees, heirs or family members of the member after his death to claim the insurance amount under EDLI Scheme. The EDLI claim form has to be filled separately by each claimant. In case of a minor claimant, the guardian has to fill the form on his behalf. In case of more than one minor where the guardian is the same, a single form has to be filled by the guardian.

The form has to be filled offline and the employer has to furnish the certificate mentioning the date of death of the member. The mode of fund transfer has to be mentioned as well.

The EDLI claim form has to be submitted to the regional EPF Commissioner’s office along with the required document proofs. The claim has to be settled in 30 days and if the EPF commissioner is not able to settle the claim within 30 days, he will be liable to pay an interest of 12% per annum from the deadline date to the date of actual disbursal.

How to Claim EDLI Benefits

  • Form 5 IF has to be filled to get the insurance benefits after the death of the member
  • The member should have been (at the time of his death), an active contributor to the EPF scheme
  • The benefits can be claimed by the nominee of the member
  • In case no nominee is declared, the surviving family members will be eligible for claiming the benefits. Family under EPS is defined as spouse, male children (up to 25 years), unmarried daughters.
  • If there are no surviving family members, the insurance benefits can be claimed by the legal heir of the deceased member
  • The claim form has to be signed and certified by the employer
  • In case there is no employer, the form has to be attested by any one of the following:
    • Gazetted Officer
    • Magistrate
    • President of Village Panchayat
    • Chairman / Secretary / Member of Municipal or District Local Board
    • Postmaster or Sub Postmaster
    • MP or MLA
    • Member of CBT or Regional Committee of EPF
    • Bank Manager (of the bank in which the account was maintained
  • Form 5 IF can be filled along with Form 20 (EPF withdrawal claim in case of the deceased member) and Form 10C/Form10D to claim benefits of all three schemes (EPF, EPS and EDLI) in one go.