Amendment in EDLI Scheme, 1976 (Death Benefit)
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Amendment in EDLI Scheme, 1976 (Death Benefit)

dilipsatpute Started The Discussion:

Hello Professional HR & Business Veterans,

Please find attached the latest, Central Government notified the amendment of paragraph 22 (1) of Employees’ Deposit Linked Insurance Scheme, 1976, from 18-6-2010 fixing a ceiling of Rs.1,00,000/-. The relevant notification is attached.


Attached FilesProvided by community member dilipsatpute. Join us to learn and grow with your peers.
File Type: pdf Notification_EDLI_Death_Benefit_Amed_18 June 2010.pdf (40.2 KB, 1574 views)
thisisvj - Member Since: Feb 2008
Life insurance benefits to Pension Fund employees increased to Rs.1lakh under Deposit linked Insurance scheme (EDLI)




EDLI Scheme amended: In effect, on death during employment, Family member/nominee will get the following:
  • if Average balance is more than Rs.50,000/-
  • then Insurance Amount = Rs. 50,000/- + 40% (Excess), subject to a maximum of Rs. 1,00,000/-

thisisvj - Member Since: Feb 2008
Life insurance benefits to Pension Fund employees increased to Rs.1lakh under Deposit linked Insurance scheme (EDLI)

EDLI Scheme amended: In effect, on death during employment, Family member/nominee will get the following:

if Average balance is more than Rs.50,000/-
then Insurance Amount = Rs. 50,000/- + 40% (Excess), subject to Rs. 1,00,000/-

Details in Life insurance benefits to Pension Fund employees increased to Rs.1lakh under Deposit linked Insurance scheme (EDLI) ~ See Yes -> Yes, ACS

suresh.msw - Member Since: May 2010
dear friends can anybody explain edli scheme and amendments related to the act and facilities to emp. Babu

abbasiti - Member Since: May 2010
EDLI is the abbreviation of Employees' Deposit Linked Insurance Scheme. Here deposit means average deposit in EPF. When an employee dies while in service, family will get some compensation based on his/her deposit. To get the claim, the employer has to pay 0.5% as its premium.

1. Determination of Deposit.

Average of deposit of last twelve months as well as total service, will be calculated and whichever is less being taken for the calculation.

2. Determination of Compensation.

Upto Rs. 50,000/- he will get actual. Beyond first 50,000/- he will get 40% of the rest; subject to ceiling of Rs. 100,000/-.

Eg. a) Deposit Rs. 100,000

For 1st 50000 - 50000, Next 50000 - 20000
Total - Rs. 70,000 (will get full amount as it is not more than 100,000).

Eg. b) Deposit Rs. 200,000

For 1st 50000 - 50000, Next 150,000 - 60000
Total - Rs. 110000 (will get Rs.100,000 only as it ecxeeds 100,000).

Eg. c) Deposit Rs. 300,000

For 1st 50000 - 50000, Next 250,000 - 100,000
Total - Rs. 150,000 (will get Rs. 100,000 only as it exeeds 100,000/-)

But there is better Insurance schemes with the same premium, even without cosidering the deposits. With this type of better benefits, some of the organisations are exempted from EDLI. Instead they are providing in lieu of EDLI. There are schemes which specifies more than 100,000/- for natuaral death and double benefits for accidental death.

Abbas.P.S, ITI Ltd, Palakkad 678 623.
Ph. +91 9447 467 667

mukeshnegi - Member Since: Jun 2009
When we talk about 50000/- average balance, does it mean average balance per year in PF Account?

mukeshnegi - Member Since: Jun 2009
Can anybody let me know what are the minimum eligibility creteria to claim Maternity Benefit under Maternity Act?

mukeshnegi - Member Since: Jun 2009
Can anybody let me know what are the minimum eligibility criteria to clam Maternity Benefits under Maternity Act.

sureshsinghhr - Member Since: Oct 2010
Hello Everbody,

Please Update as EDLI Death Benefit is increased to 1,30,000/- maximum.

If somebody had earned maximum wage 6500 for last twelve month multiplied by twenty or average twelve month's wage multiplied by twenty but not more than 1,30,000/- in any case.

Pleas refer "The Gazette of India" Extraordinary Part - II - Section 3 - Sub section (i) dated January 8 2011 (No.8)

Suresh Singh

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