Employees Deposit Linked Insurance

Dear all,
Hi,everybody,
Today i have a query to be clarified.Could you please let me know what are the benefits covered under EDLI Scheme.Please give reply me soon
Regards
Navaneetha

Hi Navaneetha

Employees' Deposit-linked Insurance Scheme is for the purpose of providing life insurance benefits to the employees of any establishment or class of establishments to which this Act applies. The EDLI is an insurance scheme that offers a lump sum benefit on the death of the employee base provident fund balance to the credit of the deceased employee at the time of his death. The EDLI came into force from August, 1, 1976. It is financed by employer contributions of 0.5% of pensionable salary of total employees for the particular month.

Regards

dear navneetha
EDLI is insurance through PF given to heirs of deceased empolyee in case of death of a member.this amount of insurance given to heirs of deceased
varies from 35 k to 60 k as per basic.however we can insure this through
LIC and LIC pay to the deceased employee flat 62 k.
tks
js malik