Sir, I’m Saravanan one of our Employee worked only 6 months (D.O.J 01.04.2016, D.O.Death: 30.11.2016) his average basic salary 7000/- How much EDLI benefit amount to give his family?
From India, Chennai
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From India, Chennai
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Dear Sabarita,
To benefit from EDLI, the member must be contributory at the time of death, and in that month, the employer has to reflect the deceased employee with the date marked. Employees marked as exits for retirement or cessation (short service) are not eligible. As almost 2 years have passed since the date, please update on the status of why this claim was not submitted in past years.
Thank you.
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651To benefit from EDLI, the member must be contributory at the time of death, and in that month, the employer has to reflect the deceased employee with the date marked. Employees marked as exits for retirement or cessation (short service) are not eligible. As almost 2 years have passed since the date, please update on the status of why this claim was not submitted in past years.
Thank you.
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Dear Sabarita,
He will receive Rs. 2,15000/- as EDLI coverage. The calculations are as follows:
Monthly basic + DA = 7000
Multiple of 30
50% of the total contribution
Formula: (Basic + DA) * 30 + 50% of the total contribution
7000 * 30 = 210000/-
Supposedly, 50% of the total contribution is = 5000/-
EDLI insurance amount is = 210000 + 5000 = 215000/-
Regards,
Ravi Khandelwal
IR-Manager
From India, Bhopal
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He will receive Rs. 2,15000/- as EDLI coverage. The calculations are as follows:
Monthly basic + DA = 7000
Multiple of 30
50% of the total contribution
Formula: (Basic + DA) * 30 + 50% of the total contribution
7000 * 30 = 210000/-
Supposedly, 50% of the total contribution is = 5000/-
EDLI insurance amount is = 210000 + 5000 = 215000/-
Regards,
Ravi Khandelwal
IR-Manager
From India, Bhopal
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