Hello Friends, Can anybody tell me how to make Insurance Claim under EDLIS (Employees' Deposit Linked Insurance Scheme) and upto how much amount claim can be made? Amit Goyal
From India, Delhi
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10From India, Delhi
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Hey,
You can claim EDLI under Form 5IF, which you can get from EPF & Misc Provision Act. The maximum amount one can receive is Rs. 60,000/-, subject to being a regular contributory member for 36 months.
The dealing office is the regional or subregional EPF office.
R.K.P
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You can claim EDLI under Form 5IF, which you can get from EPF & Misc Provision Act. The maximum amount one can receive is Rs. 60,000/-, subject to being a regular contributory member for 36 months.
The dealing office is the regional or subregional EPF office.
R.K.P
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Thank you very much, Mr. Peer and Mr. Panda.
One more query, Mr. Panda. What documents are needed to be submitted for claiming the insurance amount? What are the conditions for claiming the amount? Does hospitalization required? If yes, is it necessary to be a Govt Hospital only, or is there a list of listed hospitals? Is EDLIS like Personal Accident Insurance, Mediclaim Insurance, or Insurance against death only? I am quite confused. Please help.
Amit Goyal
From India, Delhi
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One more query, Mr. Panda. What documents are needed to be submitted for claiming the insurance amount? What are the conditions for claiming the amount? Does hospitalization required? If yes, is it necessary to be a Govt Hospital only, or is there a list of listed hospitals? Is EDLIS like Personal Accident Insurance, Mediclaim Insurance, or Insurance against death only? I am quite confused. Please help.
Amit Goyal
From India, Delhi
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Hi, Amit i know that it is life insurance and be claimed only at death but how do we come to know that it is added with our pf amount uma
From India, Madras
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From India, Madras
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Hi Uma,
You seem to be confused about why EDLI is highlighted in the PF amount. No, EDLI stands for Employees' Deposit Linked Insurance Scheme where the employer only pays the requisite liability for the employee.
RKP
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You seem to be confused about why EDLI is highlighted in the PF amount. No, EDLI stands for Employees' Deposit Linked Insurance Scheme where the employer only pays the requisite liability for the employee.
RKP
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Hi Uma,
RKP is correct. Apart from the contribution of 12% towards PF, the employer has to pay an additional 0.5% towards EDLIS. This is mandatory on the part of the employer so you don't need to worry about whether it has been deposited by the employer or not.
Amit Goyal
From India, Delhi
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RKP is correct. Apart from the contribution of 12% towards PF, the employer has to pay an additional 0.5% towards EDLIS. This is mandatory on the part of the employer so you don't need to worry about whether it has been deposited by the employer or not.
Amit Goyal
From India, Delhi
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Hi Amit, In our concern employer share 12% plus 1.61% administrative charges only this amount is paid, i dont think EDLI is paid advise me whether i can insist the management to pay. Thanks, Uma
From India, Madras
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From India, Madras
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Hi Uma,
This 1.61% includes 0.5% towards EDLIS. You need not go to your management to insist on anything. I already told you no employer can escape this contribution, so don't worry. You may please follow this link where I have clarified the various accounts of PF Challan: https://www.citehr.com/1-vt27594.html?start=0
Amit Goyal
From India, Delhi
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This 1.61% includes 0.5% towards EDLIS. You need not go to your management to insist on anything. I already told you no employer can escape this contribution, so don't worry. You may please follow this link where I have clarified the various accounts of PF Challan: https://www.citehr.com/1-vt27594.html?start=0
Amit Goyal
From India, Delhi
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Dear Amit,
Thank you for your clarification. I would like to share something with you all. Even though we are confident in our HR field, sometimes management people try to deceive us and seem to enjoy it. Is this happening everywhere?
Regards,
Uma
From India, Madras
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Thank you for your clarification. I would like to share something with you all. Even though we are confident in our HR field, sometimes management people try to deceive us and seem to enjoy it. Is this happening everywhere?
Regards,
Uma
From India, Madras
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Hi,
Maybe your management didn't give you the right picture. It happens, especially due to the generation gap in organizations where senior people who have been associated for a long time try to humiliate younger generation employees. This situation occurs in many organizations.
I don't know exactly what your case was, however.
Amit Goyal
From India, Delhi
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Maybe your management didn't give you the right picture. It happens, especially due to the generation gap in organizations where senior people who have been associated for a long time try to humiliate younger generation employees. This situation occurs in many organizations.
I don't know exactly what your case was, however.
Amit Goyal
From India, Delhi
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With due respect to LIC, I would like everyone to know that since the insurance industry has been opened up, the monopoly of LIC is over. There are a whole lot of similar or better products available with other insurance players in the market. Today, all insurance businesses, including that of LIC of India, are regulated by IRDA (Insurance Regulatory Authority). I recommend getting quotes for any insurance product from at least three insurance companies to make an informed decision.
Sanjeev :)
From India, Mumbai
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Sanjeev :)
From India, Mumbai
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