Now we are maintaining the EDLI part of the Provident Fund with LICI and paying a yearly premium to LICI for it. Currently, we have decided to make the EDLI payment directly through the Provident Fund. What is the procedure? Please guide.
Regards,
Tarak Shaw
From India, Kolkata
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4Regards,
Tarak Shaw
From India, Kolkata
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There is no provision under EPFO to avoid EDLI payment for unexmpted establishments if the establishment is maintained by a trust PF then get in touch with trust rules,
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Mr. Shaw, You can discontinue the EDLI policy if LIC at any time and start remitting contribution to EPF but it is better to discontinue when the renewal is due with LIC. P K sharma
From India, Delhi
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From India, Delhi
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Dear Mr. Shaw,
According to me, you can discontinue the EDLI policy from LIC or any other agency. The LIC or agency will refund the proportionate amount. You have to submit a letter to the PF office regarding the discontinuation of the EDLI policy (letter sent to LIC/Agency for discontinuation) along with the list of employees, UAN, DOB, DOJ, wages, etc. While submitting the letter, be sure that the documentation of exemptions is complete, i.e., every 3 years renewal of exemption, etc.
Thanks,
Vidyadhar Bhat
From India, Pune
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According to me, you can discontinue the EDLI policy from LIC or any other agency. The LIC or agency will refund the proportionate amount. You have to submit a letter to the PF office regarding the discontinuation of the EDLI policy (letter sent to LIC/Agency for discontinuation) along with the list of employees, UAN, DOB, DOJ, wages, etc. While submitting the letter, be sure that the documentation of exemptions is complete, i.e., every 3 years renewal of exemption, etc.
Thanks,
Vidyadhar Bhat
From India, Pune
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Due Date for payment of Employee Provident Fund.docx
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