Dear Abbas P S Sir,
First of thanks for updating the information in this regard.
I have some doubt on this matter, Para 22 of EDLI Act say as:
22. Scales of assurance benefit and the minimum average balance to be maintained by an employee. –
(1) On the death of an employee, who is a member of the Fund or of a provident fund exempted under section 17 of the Act, as the case may be, the persons entitled to receive the provident fund accumulations of the deceased shall, in addition to such accumulations be paid an amount, equal to the average balance in the account of the deceased in the Fund or of a Provident Fund exempted under Section 17 of the Act, as the case may be, during preceding twelve months
or during the period of his membership, whichever is less, except where the average balance exceeds Rs.50,000 (erstwhile limit was Rs.25,000/-),
the amount payable shall be Rs.50,000 (erstwhile Rs.25,000/-)plus 40% (earlier limit was 25%) of the amount in excess of Rs.50,000 (erstwhile Rs.25,000/-) subject to a ceiling of Rs. 1 lakh (earlier Rs. 35,000).
The Amendment Notification say as:
G. S. R. 9 (E)-
In exercise of the powers conferred by Section 6C read with sub-section (1) of Section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme, further to amend the Employees’ Deposit Linked Insurance Scheme, 1976, namely :-
1. (1) This Scheme may be called the Employees’ Deposit Linked Insurance (Amendment) Scheme, 2011.
' (2) It shall come into force from the date of its publication in the Official Gazette.
2. In the Employees’ Deposit Linked Insurance Scheme, 1976, in paragraph 22, after sub-paragraph (2), the following sub-paragraph shall be substituted, namely :-
“(22 A) On the death of an employee, who is member of the Fund or of a provident fund exempted under Section 17 of the Act, as the case may be,
who was in the employment of the same establishment for a continuous period of twelve months, preceding the month in which he died, the persons entitled to receive the provident fund accumulations of the deceased shall, in addition to such accumulations be paid an amount, equal to :-
(i) the average monthly wages drawn (subject to a maximum of rupees six thousand five hundred), during the twelve months preceding the month in which he died, multiplied by twenty times or;
(ii) the amount of benefit under sub-paragraph (1).
Here, in the amendment
G. S. R. 9 (E)-, there is a condition mentioned (if i am getting it right), i.e. "who was in the employment of the same establishment for a
continuous period of twelve months, preceding the month in which he died", which is not applicable in this case, as the service of deceased member is only of 3 months 5 days. So, how the accumulations will be twenty times?
Plz. clarify. Thanks in advance.