One of my employees has completed one year in the organization, but he died in a train accident on 9th July 2017. He is covered under the ESIC & PF Scheme.
My query is, will his nominee get the benefit of the EDIL scheme as per the Act?
Suggestions needed.
From India, Mumbai
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3My query is, will his nominee get the benefit of the EDIL scheme as per the Act?
Suggestions needed.
From India, Mumbai
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yes. his legal heir will get benefits under EDLI Scheme for EPF Office. These benefits are revised to 4.50 lakhs recently.(which is based on his age and salary )
From India, New Delhi
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From India, New Delhi
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Maximum amount payable under EDLI is Rs 6 lakhs. This has no relevance to the age of the deceased but it is calculated as follows:
Average monthly salary (subject to a maximum of Rs 15,000) multiplied by 30, which amounts to a maximum of Rs 450,000.
Add: 50% of the average balance in the PF, subject to a maximum of Rs 150,000.
Madhu.T.K
From India, Kannur
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Average monthly salary (subject to a maximum of Rs 15,000) multiplied by 30, which amounts to a maximum of Rs 450,000.
Add: 50% of the average balance in the PF, subject to a maximum of Rs 150,000.
Madhu.T.K
From India, Kannur
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Legal heirs shall mean spouse and children and if not married, his/ her parents
From India, Kannur
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From India, Kannur
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