Dear Mr. Daulath,
If the employee has atleast one contribution to EPF , his family is eligible for Family pension. If you had initiated the process of epf registration for this employee pay january EPF contribution, you are saying he is a member of EPF so I presume he has contributed EPF for January/ or he was a member before joining your company. His family will also be entitled for EDLI (employee deposit linked insurance) , the minimum pay out has been increased to 2.5lakh WEF 15/02/2018, probably may not be available in his case but as per old entitlement also 24 times average salary( Calculated as average of last 12 months). Minimum pension is Rs 1000 as on today ( there are some reports of this being revised to Rs7500). Of course accumulations in EPF also will go to nominee/ legal heir.
For claiming all the three benefits EPFO has now introduced a composite application form copy of which is attached.
Under ESIC also there are similar benefits available, but I don't know whether one can avail both. I think Funeral expenses which is Rs 10000 cane be availed. I don't know whether pension is available under ESIC, so it will be advisable to go for EPF benefits in view of Pension entitlement & likely hood of minimum pension being revised to Rs 7500/ I suggest you study benefits under both EPF & ESIC & decide.