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      Employees’ Deposit Linked Insurance Schemes (ELDI), 1976 (Amended)

      Sunday, November 15th, 2015 Amritesh 3 responses

      Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) are some of the Social Security Welfare measures adopted by the Government in the best interest of the individuals. Employee Deposit Linked Insurance Scheme (ELDI) was launched as a Statutory Benefit applicable to all the Employees covered under the Employees Provident Fund and Miscellaneous Provisions Act,1952. ELDI is the Life Insurance cover extended to the Employees and is payable to the nominee in case of death of the subscriber while he/she is subscriber to the Fund. It is payable to the nominee in addition to the Provident Fund deposits and Pension Benefits eligible under the act.Employees' Provident Fund SchemeEmployee State Insurance (ESI)Employees' Pension Scheme (Series-1)APPLICABILITYThe Act is extended to all the…