Dear Members, Please tell me what is benefit of EDLI in PF.How and who get benefit from this scheme?who give benefit from this pf deptt. or any insurance co. Please tell me in details. regards Lokesh
From India, Delhi
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9From India, Delhi
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Understanding the Benefits of EDLI in PF
EDLI stands for Employees' Deposit Linked Insurance. The maximum amount payable is 20 times the PF qualifying salary, i.e., Rs 130,000. This amount is paid to the dependents of a PF subscriber upon his death. It is paid by the PF organization. LIC also has schemes that are at par with or better than what is being followed by the EPFO. Those who have opted for LIC's scheme are exempted from EDLI.
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Madhu.T.K
From India, Kannur
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EDLI stands for Employees' Deposit Linked Insurance. The maximum amount payable is 20 times the PF qualifying salary, i.e., Rs 130,000. This amount is paid to the dependents of a PF subscriber upon his death. It is paid by the PF organization. LIC also has schemes that are at par with or better than what is being followed by the EPFO. Those who have opted for LIC's scheme are exempted from EDLI.
Regards,
Madhu.T.K
From India, Kannur
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Employee Benefits.doc
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