edli - The Employees DepositLinked Insurance Scheme EDLI exocoat by the Employees Provident Fund Organisation EPFO offers a safety net for EPF members This article provides an overview of EDLI covering features eligibility premiums and more EDLI provides financial protection against an employees untimely demise offering a sum assured up to Rs 6 lakhs EDLI What is Employees Deposit Linked Insurance Scheme The The EDLI scheme or the Employee Deposit Linked Insurance Scheme is a life insurance cover provided to privatesector employees by the Employee Provident Fund Organization This organization manages the Employee Provident Fund scheme where the retirement benefits of the employees are accumulated The EDLI scheme works in combination with the EDLI Employees Deposit Linked Insurance Scheme ClearTax The EDLI scheme is an employee welfare measure promoted by employers and the government thus life insurance benefits are guaranteed The EDLI scheme boosts employees morale by giving insurance coverage to employees and securing their family members after their death The objective of EDLI was to put in place a mechanism to provide employees families with income security after the death of the member while the employee is in service EDLI scheme provides for a lump sum payment to the insureds nominated beneficiary in the event of death due to natural causes illness or accident Calculate your EDLI benefit based on your date of death average progressive balance and wages This is an illustrative tool and the actual benefit processed by EPFO office will be final EDLI Features Benefits Eligibility Criteria How Does it Work Groww EDLI is a free life xreinders insurance cover for private sector salaried employees in India provided by the EPFO It pays a lumpsum benefit to the nominee or legal heir of the EPF member in case of death during service EDLI is a free insurance scheme for private sector employees who have an EPF account It provides a lump sum benefit to the family of the deceased employee subject to a maximum of Rs7 lakhs and a bonus of Rs25 lakhs EDLI Calculator Input Employees Provident Fund Organisation Employees DepositLinked Insurance Scheme Tax Guru Employees Deposit Linked Insurance Scheme EDLI BenefitsEligibility EDLI Scheme Benefits Contribution Claim Amount Documents Needed EDLI Employees Deposit Linked Insurance scheme ACKO EDLI Employees Deposit Linked Insurance is a life insurance scheme introduced by the EPFO for employees who are members of the EPF scheme Learn about the benefits eligibility calculation and claim process of the scheme EDLI is an insurance cover provided by EPFO to its members and their families in case of death Learn about the benefits eligibility charges documents and claim process of EDLI scheme The EDLI Scheme Employees Deposit Linked Insurance Scheme Pazcare EDLI Employee Deposit Linked Insurance Scheme Be Money Aware Blog How is the EDLI benefit calculated The EDLI benefit is calculated based on the employees salary and their average EPF balance If the employees service is over 12 months the benefit is 35 times the average monthly salary plus a bonus of Rs 175 lakh with a maximum benefit of Rs 7 lakh For employees with less than gareng 12 months of service
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