Benefits of Employees Deposit Linked Insurance (EDLI) Scheme

EPFO (Employees’ Provident Fund Organisation) has a component Employees Deposit Linked Insurance (EDLI) that was introduced by the government as a benefit.

The EDLI provides extended benefits of life insurance that are provided to the employees working in the private sector.

Employees Deposit Linked Insurance Scheme (EDLI)

Employees Deposit Linked Insurance Scheme or EDLI is an insurance cover provided by the EPFO (Employees Provident Fund Organisation) for private sector salaried employees.

The PF contributor can file an e-nomination to receive welfare benefits for their families.

Steps to submit EPS/EPF nomination digitally

1. Visit the EPFO website (click here) and go to the ‘Services’ tab. Then Select ‘For Employees’ and click on ‘Member UAN/Online Services.
2. Log in with your Universal Account Number (UAN) and Password.
3. Select ‘E-nomination’ under the ‘Manage Tab’.
4. ‘Provide Details’ tab will appear on the screen. Then click ‘Save’.
5. Click ‘Yes’ to save the family declaration.
6. Click ‘Add Family Details’. More than one nominee can be added.
7. Click ‘Nomination Details’ to declare the total amount of share. Click ‘Save EPF Nomination’.
8. Click ‘E-sign’ to generate OTP. Submit ‘OTP’ sent on mobile number linked with Aadhaar.

The registered nominee receives a lump-sum payment in the event of the death of the person insured, during the period of the service. 

EPFO has shared a Tweet from the official Twitter handle highlighting the Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976.

Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976.#EPFO #SocialSecurity #PF #Employees #service #AmritMahotsav @AmritMahotsav pic.twitter.com/e1V0iKKWbu

— EPFO (@socialepfo) September 19, 2022

The Features of EDLI Scheme 1976 are:

• Maximum assured benefit up to Rs 7 lakh paid to nominee or legal heir of EPF member, if death occurs while in service, EPFO tweeted.
• Minimum assurance benefit of Rs 2.5 lakh, if deceased member was in continuous employment for 12 months prior to his or her death, the EPFO said.
• Minimal contribution by employer at 0.5 per cent of employees monthly wages, up to wage ceiling of Rs 15,000.
• No contribution paid by employee.
• Auto enrolled of PF members in EDLI Scheme.
• Benefit directly credited to bank account of nominee or legal heir.

EDLI Scheme is mandatory for all organizations which are registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952.