Understanding LIC EDLI Premiums: How Do You Calculate Them After Recent Changes?

Dear Seniors, kindly describe LIC EDLI premium calculations, including the calculation method, as per the new amendments.

1. How much is the premium for Rs. 3,62,000?
2. How much is the premium for Rs. 4,00,000?
3. How much is the premium for Rs. 5,00,000?

Thank you.

Dear Muralikrishna,

The ceiling amount towards EDLI will not vary as you posted above; its ceiling in LIC is Rs. 3,62,000. For this, the employer has to remit 0.5%, resulting in a premium of Rs. 75 per month.

Regards,
Abbas.P.S