Sir, My father passed away on 26/05/2021. He worked in the private security service from 2011 to 2021. His last 12-month basic salary was 3700, and the total Provident Fund (PF) amount is 45000. I would like guidance on how much benefit will be provided under the Employee's Deposit Linked Insurance (EDLI) and pension schemes. Thank you for your assistance.
From India, Pune
From India, Pune
Minimum $250,000 and Max $700,000
EDLI Calculation
$3700 * 35
Average Basic for 12 Months: $129,500
* 35 times
$45,000 * 50%
Bonus Calculation: $29,371
* 50% of Average EPF Balance
Minimum claim: $250,000 and Max claim: $700,000
Please go for the minimum claim.
Documents Required:
- Form 5
- Form 20
- Form 10C/Form 10D
- Death Certificate
From India, Ahmedabad
EDLI Calculation
$3700 * 35
Average Basic for 12 Months: $129,500
* 35 times
$45,000 * 50%
Bonus Calculation: $29,371
* 50% of Average EPF Balance
Minimum claim: $250,000 and Max claim: $700,000
Please go for the minimum claim.
Documents Required:
- Form 5
- Form 20
- Form 10C/Form 10D
- Death Certificate
From India, Ahmedabad
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