EDLI Scheme – Employees Deposit Linked Insurance Scheme 1976

What is EDLI Scheme?

EDLI stands for Employee Deposit Linked Insurance Scheme in Provident Fund.  Employees Deposit Linked Insurance Scheme was introduced in the year 1976. EDLI Scheme is a Life Insurance scheme for the employees.

The EDLI Benefits provided under the Scheme in the nature of life insurance as follows.

The scheme is open to all EPFO members.

  1. On the Death of employment while in service a lumpsum of Insurance amount is payable to his nominees or family members.
  2. The Insurance amount is equal to the average balance in the PF Account of the deceased employee during a period of 12 months immediately preceding his death. In case the average balance.
  3. Minimum Insurance cover is Rs. 2.5 Lakhs and the Maximum Insurance cover is over to 7 Lakhs.

What is the Monetary Benefits of EDLI Scheme?

  1. With effect from 28.04.2021, the EPFO has increased the maximum benefit to Rs.7 lakh for the registered nominees of the deceased member.
  2. The Ministry had increased the minimum amount of benefit to Rs.2.5 lakh on Feb 2018 for two years. However, the EPFO has further decided to continue with the same minimum benefit of Rs.2.5 lakh with retrospective effect from 15th Feb 2020.
  3. Also, with effect from 28.04.2021, the EPFO has extended the benefit to the nominees of the deceased member who have changed their establishment for employment within a period of 12 months preceding the month of their death.

How to apply EDLI under PF

The EDLI Claim to be applied by the nominee of the deceased online or offline in case of E Nomination is not done by the deceased employee. Following are the documents to be submitted by the nominees

  1. Death Certificate of the deceased
  2. Legal Heir Certificate of the Deceased
  3. Aadhaar card copy of the deceased
  4. Aadhaar card copy of the nominees
  5. PAN Card copy of the nominees
  6. Birth Certificate in case of the nominee is children
  7. Bank Account number of the nominees

On receipt of the claim the EPFO will release the share amount mentioned in the deceased legal Heir  / Succession Certificate issued by the Government or Court.