6 Things To Know About EDLI Scheme

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Insurance Coverage

The Employees’ Deposit-Linked Insurance Scheme (EDLI) provides life insurance coverage, and it remains applicable even if the employee changes jobs 12 months before death.



The employee must work for at least 12 months in the organisation and be a member of the Employees’ Provident Fund Organisation (EPFO).


Amount Calculation

The claim amount is calculated based on the member’s last 12-month salary and a certain percentage of the average monthly wage in the previous year.



The employee’s nominee or the legal heir can claim the insurance amount by submitting Form 51F. If the person dies during service, a lump sum of up to Rs 7 lakh is paid to the beneficiary.



The employer contributes 0.50 per cent of the employee’s basic salary plus a dearness allowance of up to Rs 15,000.


Form Submission

While claiming EDLI benefits, the claimant must also submit Form 20 and Form 10D or 10C to claim provident fund dues and pension benefits so that they can be processed simultaneously.