Understanding EDLI Death Claims: How Does EPFO Calculate Your Claim Amount?

Good morning to all HR professionals, please provide information on the calculation method of the EDLI Death Claim. How much claim amount is granted by the EPFO?

Hi, The EDLI insurance amount that the heirs of a deceased member receive is calculated as 35 times the average monthly salary in the last 12 months of employment. The maximum average monthly salary of an employee is capped at Rs. 15,000. Therefore, 35 times the salary amounts to 35 x ₹15,000 = Rs. 5,25,000. Additionally, a bonus amount of up to Rs. 1,75,000 is paid to the claimant under this scheme. Thus, the total amount payable under this scheme to the beneficiary is Rs. 7,00,000.

Sir, is the bonus amount of Rs. 1,75,000/- common for deceased employees, irrespective of their basic wages? Please clarify the following doubt. If the deceased employee's basic wage is Rs. 4900/-, how much amount is he entitled to under EDLI? Date of joining: Jan-2015.