Dear all,
Just to share with those who are not aware - EDLI (Employee Deposit Linked Insurance) where the organization pays 0.51% of the basic salary along with PF for employee insurance. This can be shifted to an insurance company with at least 5-6 times more benefits at a lesser cost. This is approved by RPFC.
Regards,
Sarbinder
From India, New Delhi
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2Just to share with those who are not aware - EDLI (Employee Deposit Linked Insurance) where the organization pays 0.51% of the basic salary along with PF for employee insurance. This can be shifted to an insurance company with at least 5-6 times more benefits at a lesser cost. This is approved by RPFC.
Regards,
Sarbinder
From India, New Delhi
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It's already incorporated under Section 17(2B) of the EPF & MP Act. If any employer or establishment provides better benefits to their employees in terms of accidents, then they can apply for an exemption under the act.
From India, Delhi
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From India, Delhi
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Dear Essykkr, Can you please reproduce the section 17 2B of EPF & MP Act 1952 verbatim for the benefit of you as well as others?
From India, Mumbai
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From India, Mumbai
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Dear All,
The subject of EDLI exemption with its benefits/advantages has been discussed earlier in this forum. The link to the said discussions is provided below for easy reference and benefits for all.
URL: [Latest Notification on EDLI Admin Charges](https://www.citehr.com/451416-latest-notification-edli-admin-charges.html)
Thank you.
From India, Mumbai
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The subject of EDLI exemption with its benefits/advantages has been discussed earlier in this forum. The link to the said discussions is provided below for easy reference and benefits for all.
URL: [Latest Notification on EDLI Admin Charges](https://www.citehr.com/451416-latest-notification-edli-admin-charges.html)
Thank you.
From India, Mumbai
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Employee Provident Fund and MP Act, 1952.pdf
Extrace ofEPF & MP Act, 1952 for excluded employee.docx
EPF Act.ppt