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Abbasiti
Assistant Engineer, Indian Telephone Industries,
N Rajesh
Hr Dy Manager
+4 Others

Dear All,

It is understand from the above notification till 08.01.2011 those who die immedietely after registering with EPF, will get only a minimum amount of one month contribution. For ceiling slary, this will be Rs. Rs. 1018.55 (12%(employee)+3.67%(employer)=15.67%, 15.67%x6500 = 1018.55).

As per the new notification, EDLI amount will be arrived as follows. 1) Calculate the entitled amount based on PF deposit subject to a ceiling of Rs. 1,00,000. 2) 20 times of salary suject to a salary ceiling of Rs. 6500. As per this calculation ceiling will be Rs. 1,30,000. Out of the above (1) &(2) whichever is high will be given as EDLI. In general 20 times of salary subject to a salary ceiling of Rs. 6500 will be ensured towards EDLI. For ceiling salary this will be Rs. 1,30,000. 130000/1018.55 = 127.63. i.e. the minimum is enhanced by 127.63 times!

Therefore w.e.f 08.01.2011 there will be a minimum of 20 times of EDLI applicable salary (this may vary subject to salary). The maximum will be Rs. 1,30,000.

Should there be further query call me on +91 9629488214

Regards / Pavan Kumar

7th February 2011 From Australia
Dear All,

It is understand from the above notification till 08.01.2011 those who die immedietely after registering with EPF, will get only a minimum amount of one month contribution. For ceiling slary, this will be Rs. Rs. 1018.55 (12%(employee)+3.67%(employer)=15.67%, 15.67%x6500 = 1018.55).

As per the new notification, EDLI amount will be arrived as follows. 1) Calculate the entitled amount based on PF deposit subject to a ceiling of Rs. 1,00,000. 2) 20 times of salary suject to a salary ceiling of Rs. 6500. As per this calculation ceiling will be Rs. 1,30,000. Out of the above (1) &(2) whichever is high will be given as EDLI. In general 20 times of salary subject to a salary ceiling of Rs. 6500 will be ensured towards EDLI. For ceiling salary this will be Rs. 1,30,000. 130000/1018.55 = 127.63. i.e. the minimum is enhanced by 127.63 times!

Therefore w.e.f 08.01.2011 there will be a minimum of 20 times of EDLI applicable salary (this may vary subject to salary). The maximum will be Rs. 1,30,000.

Should there be further query call me on +91 9629488214

Regards / Pavan Kumar

[/QUOTE]
7th February 2011 From Australia

Attached Files
 Membership is required for download. Create An Account First EDLI Scheme amendment 81 1 11.pdf (382.2 KB, 792 views)

Dear Pavan Kumar,

I have posted the same subject vide citeHR/312446 at 3.40 pm on 22-01-2011 as under.

22-01-2011, 03:40 PM

abbasiti Join Date: May 2010

Posts: 836

Subject - Re: Amendment to EDLI Scheme made on 8.1.2011

Dear all,

The above notification on EDLI amendment will create a revelution in the history of EDLI. Till 08.01.2011 those who die immedietely after registering with EPF, will get only a minimum amount of one month contribution. For ceiling slary, this will be Rs. Rs. 1018.55 (12%(employee)+3.67%(employer)=15.67%, 15.67%x6500 = 1018.55).

As per the new notification, EDLI amount will be arrived as follows. 1) Calculate the entitled amount based on PF deposit subject to a ceiling of Rs. 1,00,000. 2) 20 times of salary suject to a salary ceiling of Rs. 6500. As per this calculation ceiling will be Rs. 1,30,000. Out of the above (1) &(2) whichever is high will be given as EDLI. In general 20 times of salary subject to a salary ceiling of Rs. 6500 will be ensured towards EDLI. For ceiling salary this will be Rs. 1,30,000. 130000/1018.55 = 127.63. i.e. the minimum is enhanced by 127.63 times!

Therefore w.e.f 08.01.2011 there will be a minimum of 20 times of EDLI applicable salary (this may vary subject to salary). The maximum will be Rs. 1,30,000.

Abbas.P.S
7th February 2011 From India, Bangalore
one of our employee expired due to electric shock. he worked upto dec 31 2010 with us and went and worked in some workshop and expired on jan/18. that workshop hadnt any pf coverage. will his nominees get epf pension and edli benefits? he was a bachelor.
Krishnakumar
8th February 2011 From India, Kochi
If I am not mistaken it is subject to a member of PF for period of 12 months. Please clarify. Raj
9th February 2011
Those who enrolled in PF with one day attendance will be entitled to get EDLI, on the event of death of the member. Abbas.P.S
23rd March 2011 From India, Bangalore
Mr. Abbas, can you pls help me out in giving a clear picture of the advantages in taking up LIC in lieu of EDLI.
Because as of now, we are taking up LIC in lieu of EDLI but after this recent amendment, bit confused what is the actual benefit in taking up lic. Also the disadvantages if any.
30th June 2011 From India, Bangalore
LIC will give slightly more benefit than EDLI on natural death. For accidental death there is provision to get double benefits in LIC, which is not available in EDLI. Abbas.P.S
1st July 2011 From India, Bangalore
Dear Mr. Pawan, As per the new notification, EDLI amount will be arrived from Rs.60000 to Rs.130000, whether the celling amount increased from Rs.6500 or not, please confirm Regards,
4th October 2011 From India, Delhi

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