Majority of the EPF members are not aware of Employee Deposit Linked Insurance which is a part of employee provident fund scheme. Any employee whose monthly basic salary is less than 15000 Rs will eligible for EPF scheme, all the EPF eligible employee will also eligible for Employee Deposit Linked Insurance Scheme(EDLI). The main aim of the EDLI scheme is to provide security to the family members of EPF member in case of any sudden death. Here you can find complete details on EDLI benefits in case of death as per EDLI amendment 2018.
EDLI Benefits In Case Of Death As Per EDLI Amendment 2018:
Earlier every EPF member has a life coverage of minimum 150000 Rs and maximum of 600000Rs. Bue according to the latest EDLI amendment 2018 which was made on 15 February 2018 the minimum life coverage of EPF member has increased to 250000. This amendment will be in force for next 2 years from 15 Feb 2018. It is a good news for all the EPF members.
How To Calculate EDLI Benefits
The calculation EDLI amount will be done by taking the average basic salary + DA of EPF member for last 12months preceding the date of death, that average basic wage will be multiplied by 30. For this amount, 50% of PF balance amount in preceding 12 months from the date of death is added. If an employee doesn’t have 12months contribution and he has only 8 months service, then 50% of those 8 months PF balance will be added.
Example: If an employee monthly average basic + DA is 8000 Rs for preceding 12 months from the date of death then
8000*30 = 240000 Rs
And if he a has a PF amount of 70000 Rs in his account, then 50% of 70000 = 35000 Rs. This amount will be added to the above 240000 Rs.
So total he will be covered for 240000+35000 = 275000 Rs
Here the covered amount is more than 250000 so there is no problem, if it is less than 250000, for example if it is 190000 Rs then as per this latest EPF amendment scheme that EPF member will be covered for 250000 Rs. So it is beneficial for EPF members who are getting less monthly basic wage + DA.
The maximum life coverage of EPF member under EDLI scheme is 600000 Rs.
Also Read: How To Claim EDLI Death Benefits
Do share your opinions on EDLI benefits in case of death as per EDLI amendment 2018.
Hello Sir,
Mt son was a employee of COLLEBRA TECHNOLOGIES PVT. LTD. VADODARA and working with XYLINKS software company while during Covid 19 working from home he met and accident in Indore on 25/11/2020 in which he could not survive. He has joined this company three months ago before his joining this company he had worked for four years in other company at Pune for four years after his resignation and joining COLLERARA TECHNOLOGY he has a gap of ten days. So my sons EDLI claim was rejected as he had 10 days gap. Now I want to know being a member of provident fund is my son was eligible for EDLI DEATH claim benefit of Rs. 7 Lacs ? Pl. give reply.
Hello sir,
My father was a private employee. He died of cardiac arrest. We wanted to apply for EDL but we are not getting a signature and stamp from the employer. We have the offer letter and bank statement showing his salary. Can we apply for EDL without employer’s signature?
Hi Sir,
My father had a job in Pvt. Sector which has been run by Trust Company. on Feb 2016 He had a cardic arrest. I had submitted all the necessary to document to EPFO. for pension and EDLI.
Monthly pension we are getting from Trust company but the EDLI amount still not disbursed by EPFO. I am not able to understand how much EDLI amount we will get his monthly salary is 12000.
Monthly pension we are getting from EPFO.
You can calculated estimated EDLI amount here https://www.epfindia.gov.in/EP_Cal/edli.html
Hi
My father- in-law died in a accident and he was a government employee. will the government settle all this amout like Pf, etc. how can the nominee claim EDLI.
Hi Arun,
You have to visit PF office with all the required documents, for more details read this https://www.hrcabin.com/epf-composite-death-claim-form/
Hi can a government employee get EDLI claim
Hi Arun,
Yes, even govt employees can also avail EDLI benefits.
Dear,
As per latest amendments of EDLI, minimum benefits would be Rs 250000/-, but for one of employee death claim , he has got only Rs. 1,44500/- for EDLI.
note that he died on 27.12.2017.
As per your view, is it correct or there is any mismatch in EDLI calculation?
Await for your reply
Thanks
Hi Imran,
It will be applicable to death cases happened after 15 Feb 2018.
Thank you sir for your prompt Response. The said claim has been settled in the april 2018.