Understanding EDLI: A Comprehensive Overview
What is EDLI? What are the advantages and disadvantages of EDLI? What is the process to get EDLI? What is the percentage to deposit for EDLI? What are the benefits for employees and employers? What is the calculation of EDLI?
Please let me know if you need further information or clarification on any of these aspects.
From India, Bhubaneswar
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1What is EDLI? What are the advantages and disadvantages of EDLI? What is the process to get EDLI? What is the percentage to deposit for EDLI? What are the benefits for employees and employers? What is the calculation of EDLI?
Please let me know if you need further information or clarification on any of these aspects.
From India, Bhubaneswar
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Understanding EDLI: A Comprehensive Overview
EDLI stands for Employees' Deposit Linked Insurance. It is an insurance scheme based on the PF deposit. Under the EDLI, the employer is required to contribute 0.5%, along with an administrative charge of 0.01%.
To simplify, the EDLI amount is 20 times the employee's salary, capped at Rs. 1,30,000. In the unfortunate event of a member's death while in service, the nominee will receive the insurance amount.
Regards, Abbas.P.S
From India, Bangalore
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EDLI stands for Employees' Deposit Linked Insurance. It is an insurance scheme based on the PF deposit. Under the EDLI, the employer is required to contribute 0.5%, along with an administrative charge of 0.01%.
To simplify, the EDLI amount is 20 times the employee's salary, capped at Rs. 1,30,000. In the unfortunate event of a member's death while in service, the nominee will receive the insurance amount.
Regards, Abbas.P.S
From India, Bangalore
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Group Insurance Scheme in Lieu Of EDLI.doc