As per the recent notification from the Ministry of labour and employment that it has brought some revision in Employees Deposit Linked Insurance (Amendment) Scheme, 2018 published in the gazette on 15th February 2018, the Central Government has amended the Employees’ Deposit Linked Insurance Scheme, 1976 whereby the assurance benefits shall not be less than two lakhs and fifty thousand rupees and further that the assurance benefit shall not exceed six lakhs under paragraph 22 (3).

So,
= {Average Monthly Salary of the Employee for the preceding 12 months (capped at 15,000/- p.m.) x 30} + 50% of average EPF balance in the deceased account/ maximum Rs.1.5lakhs as bonus.

As a result, the maximum payment under EDLI is sealed at Rs 6, 00,000/-.

On the demise of an employee in service, who is an adherent of the Provident Fund, the appointed nominee will get the accumulations in the PF account of the employee as well as a supplementary amount. The Government has elevated the minimum assurance amount to 2.5 lakhs. The maximum amount to Rs 6 lakhs

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