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rupeshkumar.kiran
7

Gm to all HR folks Please tell about EDLI Death Claim Calculation Method - How Much Claim Amount Is Granted By EPFO.
From India, Warangal
vmlakshminarayanan
941

Hi,

The EDLI insurance amount that the heirs of a deceased member get is calculated as 35 times the average monthly salary in the last 12 months of employment.

The maximum average monthly salary of an employee is capped at Rs. 15,000

So, 35 times the salary comes to be around to be 35 x ₹ 15,000 = Rs. 5,25,000

A bonus amount of up to Rs. 1,75,000 is also paid to the claimant under this scheme

Thus, the total amount payable under this scheme to the beneficiary is Rs. 7,00,000

From India, Madras
rupeshkumar.kiran
7

Sir

Is Bonus amount of Rs. 1,75,000/- is common for deceased employees irrespective their basic wages ?????

Please clarify the following doubt.

If the deceased employee basic is 4900/-. how much amount he is under EDLI. DOJ JAN-2015.

From India, Warangal
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