When can someone claim EDLI Amount?

What:

The Employees' Deposit Linked Insurance Scheme or EDLI is an insurance cover provided by the EPFO (Employees' Provident Fund Organisation) for private sector salaried employees. This scheme works in combination with EPF and the Employees' Pension Scheme (EPS).

When:

In case of the death of an employee, legal heir/ nominees can claim the insurance amount after submitting proper documents.

Required Documents:

To claim the insurance amount legal heir need to submit the following documents:

1. Duly completed Form 5 IF

2. Death Certificate of the insured person

3. Succession Certificate in case the legal heir files the claim

4. Guardianship Certificate if the claim is filed on behalf of a minor by a person other than the natural guardian.

5. Copy of canceled cheque for the account details in which the payment is to be received.

How Much:

EDLI applies to all employees with a basic salary under Rs. 15,000/- per month. If the basic salary goes above Rs. 15,000 per month, the maximum benefit is capped at Rs. 6,00,000/-. With effect from 28.04.2021, the EPFO has increased the maximum benefit to Rs.7 lakh.

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