EDLI: Who are eligible?

• All employees who are covered under their

Employees' organization's Provident Fund and are actively
contributing to their PF account (age group
Deposit of 18 to 85 years) are eligible for EDLI. The
Linked employer's contributes 0.5% of basic pay of an
employee as insurance premium to the EDLI
Insurance scheme every month.
• Benefit provided in case of death of an
Scheme employee who was a member of the scheme at

1976
the time of death benefit amount 30 times of
the wages. Maximum benefit of 6 lakh.
 • The contribution payable by the employer and the central
government under sub-section (2) and sub section (3) of
section 6c of the act, shall be calculated on the basis of
the basic wages, dearness allowance( including the cash
value of any food concession) and retaining allowance, if
any, actually drawn during the whole month whether
paid on daily, weekly, fortnightly or monthly basis:
contributio • Provided that where the monthly pay of an employee

n
exceeds{fifteen thousand rupees}, the contribution is
payable in respect of him by the employer and the
central government shall be limited to the amounts
payable on a monthly pay of 15 thousand rupees,
including dearness allowance, retaining allowance(if any)
and cash value of food concession.
 1) Salary = 15000 per month (basic + DA)
Average salary =(15000*12)/12=15,000
15000*30=4,50,000+1,50,000

How EDLI is =6,00,000

2) Salary = 10,000 per month (basic + DA)
calculated? Avg salary = (10000*12)/12=10,000
10000*30= 3,00,000+1,50,000
= 4,50,000
6,00,000 is max amount that you can cover.
Assurance • Nominee
benefit to • Legal heir (if he is major)

whom other wise guardian.

payable
EDLI need to be
calculated @ 0.50%
on sum of basic
salary of all
employees.
Pension : basic
salary is capped
@15000/- and need
to calculate@8.33%
subject to a
maximum of Rs.
1250 per month.
 • Form 5
• Form 10D
• Form 10C
How to • Form 20

claim EDLI Fill the above forms.

What are the certificates needs to be attested ?
benefit? 1)Death certificate 2)nomination form 3) legal
heir form
4) Guardian certificate 5) id proof 6)cancelled
cheque or bank statement
 How to • If the company is closed

claim in the In that case you can sign the form from the
magistrate or bank manager and submit it to PF
special department?
Within 30 days you will get your claim otherwise
cases person gets 12% interest on the delayed period