Hi Friends,
Let me know some thing regarding this EDLI scheme 1976 and the final amount to be settled after the death of the employee to the nominee.I want to know the claim procedure also.Please help me in this aspect.
Regards,
Abhiram L Kumar Kannepalli.
9553716167.
From India, Srikakulam
2Let me know some thing regarding this EDLI scheme 1976 and the final amount to be settled after the death of the employee to the nominee.I want to know the claim procedure also.Please help me in this aspect.
Regards,
Abhiram L Kumar Kannepalli.
9553716167.
From India, Srikakulam
Hi Friends, Just now i got the answer that EDLI amount i case of death of an employee is 3.6 lakhs. Regards, Abhiram L Kumar Kannepalli. 9553716167
From India, Srikakulam
From India, Srikakulam
Hi,
EDLI is an insurance benefit which is paid to the PF members who die while in service. The benefit is linked to the provident fund amount lying at credit and his family will be entitled to maximum sum assured of Rs 3.6 lakh- if the employee worked with the same employer for less than 12 months. However, if an employee worked with the same employer for 12 months or more he will be entitled to get the benefits of average wages for last 12 months multiplied by 20. The maximum average wage can be Rs.15000 only. so the maximum benefit would be Rs.3.6 lakh/- The benefit will be paid to the same nominees/legal heirs who are eligible to receive the provident fund amount of the deceased member.
From India, Mumbai
EDLI is an insurance benefit which is paid to the PF members who die while in service. The benefit is linked to the provident fund amount lying at credit and his family will be entitled to maximum sum assured of Rs 3.6 lakh- if the employee worked with the same employer for less than 12 months. However, if an employee worked with the same employer for 12 months or more he will be entitled to get the benefits of average wages for last 12 months multiplied by 20. The maximum average wage can be Rs.15000 only. so the maximum benefit would be Rs.3.6 lakh/- The benefit will be paid to the same nominees/legal heirs who are eligible to receive the provident fund amount of the deceased member.
From India, Mumbai
Dear friends,
Mr. Aditya is correct to some extent. The maximum benefit towards EDLI is Rs. 3,60,000/-. But this is not 20 times. Prior to 01.09.2014 it was 20 times of salary. In the recent amendment, ceiling salary is enhanced from 6500/- to 15000/- and EDLI benefit is enhanced from 20 times to 24 times. Rs. 3,60,000/- is 24 times of 15000, not 20 times.
Abbas.P.S
From India, Bangalore
Mr. Aditya is correct to some extent. The maximum benefit towards EDLI is Rs. 3,60,000/-. But this is not 20 times. Prior to 01.09.2014 it was 20 times of salary. In the recent amendment, ceiling salary is enhanced from 6500/- to 15000/- and EDLI benefit is enhanced from 20 times to 24 times. Rs. 3,60,000/- is 24 times of 15000, not 20 times.
Abbas.P.S
From India, Bangalore
Dear Mr. Abbas,
Bank a/c no of claimants, separate single( no joint) a/cts fo claimants above 18 years, blank cancelled cheque leaf & zerox of pass books will probably complete the exhaustive list provided by you.
Mr. Aditya,
For less than 12 months of contribution to EPF, EDLI will be 24 times of total deposit or 24 times of average monthly salary for the no of months worked?
From India, Thane
Bank a/c no of claimants, separate single( no joint) a/cts fo claimants above 18 years, blank cancelled cheque leaf & zerox of pass books will probably complete the exhaustive list provided by you.
Mr. Aditya,
For less than 12 months of contribution to EPF, EDLI will be 24 times of total deposit or 24 times of average monthly salary for the no of months worked?
From India, Thane
Epfo announced EDLI benefit increased from 3.6 Lac to 6 lacs. So please post the latest circular
From India, Cuttack
From India, Cuttack
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Epf EDLI Amdmt Scheme 2018.pdf
Group Insurance Scheme in Lieu Of EDLI.doc