Dear Seniors, What are EDLI (Employee Deposit Linked Insurance) benefits and can it be claimed? Look forward to your valuable replies. Thank you. J P Das
From India, Delhi
The PF accumulations will start with low investments at the begining and end with high amounts, provided no non refundable loan taken. If loan is applied the figures will again change.

Suppose a member has 5 lakh rupees in his account at the end of service. Let his average accumulation for the total service is Rs. 2 lakhs and Rs. 4 lakhs for the last 12 months. Out of the above two, whichever is less i.e Rs. 2 lakhs will be taken for calculation.

Out of the Rs. 2,00,000, for the first 50,000; EDLI is actual i.e 50,000 -(1)

For the balance 1,50,00, EDLI will be 40%; i.e 60,000 - (2)

(1)+(2) = 1,10,000.

But cieling for the above calculation is Rs. 1,00,000 -(A)

Let his salary as

i) Rs. 4000

ii) Rs. 5000

iii) Rs. 6500

iv) Rs. 8000

20 times of the salary will be -(B)

i) 80,000

ii) 1,00,000

iii) 1,30,000

iV) 1,60,000

As there is ceiling limit as 1,30,000 serial (iv) will be treated also as 1,30,000.

Hence whichever is high of the above (A) &(B) will be taken as EDLI benefit as under.

i) 1,00,000

ii) 1,00,000

iii) 1,30,000

iv) 1,30,000


From India, Bangalore
Dear Mr. Abbas,
Thanks much for your help and taking some of your time in making it elaborate in such a nice manner. It means Rs. 1,30,000 is payable to an employee at his superannuation? I am a bit confused at the salary assumed in numbers i, ii, iii & iv. And why its 20 times of the salary under (B)?
Please help me making this understand. Thank you for your help once again.
J P Das

From India, Delhi
Dear JP Das,
EDLI is an insurance amount on PF. The eligibility to get EDLI is death while in service. i, ii,iii & iv are 4 salary classes. (EDLI may vary subject to salary also.)
20 times is the decision taken by the Central Board of Trustees (EPF) on 15.09.2010 presided by Chairman and the Hon'ble Union Minister for Labour and Employment Shri. Mallikarjuna Kharge. You may write this question to CBT that on what ground they have taken such a decision.

From India, Bangalore
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