Employees’ Deposit Linked Insurance Scheme (EDLI), 1976

Tuesday, March 6th, 2018 Amritesh 3 responses

Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) are the Social Security Welfare measures adopted by the Government in the best interest of the individuals. Employee Deposit Linked Insurance Scheme (EDLI) was launched as a Statutory Benefit applicable to all the Employees covered under the Employees Provident Fund and Miscellaneous Provisions Act,1952. EDLI 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 applicable under the act. It is an assurance benefit extended to the Members of the Employees’ Provident Fund (EPF). Employees' Provident Fund…