Meaning: The Employees Deposit Linked Insurance Scheme (EDLI) is an insurance scheme that was launched by the Government in 1976.the EDLI scheme is managed and administered by the Employees Provident Fund Organization (EPFO).
Formula: EDLI Wases 15000/-0.50%, subject to a maximum of Rs.75, to the EDLI Account.
Benifit : EDLI benefits are available only to the family members/ nominee nominated by
the member during his lifetime or to surviving family member in case of death.
of the member while he was in employment.
There are some Point of EDLI for Mishappyning case:
1. Date of death (Any date between 01-04-2011 till date of using the
calculator
2. Average progressive balance in the PF account of the member during the
preceding 12 months from the date of death.
3. Declaration of continuous period of service-
If the date of death between is 01-04-2011 till 28-03-2021, the benefits are also
calculated based on wages and the higher amount is paid. (See calculation rules).
If the date of death is on or after 29-03-2021 the continuous period of 12 months
may be under more than one establishment.
4. Average wages: In case the point 3 above is applicable then the average.
wages during the last 12 months.
Pension Calculator: e Pension Calculator will give results for member pension cases
where the pension start date is on or after 01-04-2014, that is only under the
Employees’’ Pension Scheme 1995.
A. Date of birth: the member should have completed 58 years age on or after 01-04-2011.
B. Service period: Date of joining and date of exit from service.