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.