EDLI benefits ( Employees Deposit Linked Insurance) under the Employees Deposit Linked Insurance Scheme 1976 are admissible to dependants of EPF members
EDLI benefit in case of Death of Member before completing one year :-
At present, in case of demise of a subscriber before completing one year of continuous service in the same establishment, the nominee is entitled to receive average PF accumulations, but if PF balance exceeds Rs. 50,000/- then it will be Rs. 50,000/- plus 40% of the amount exceeding Rs. 50,000/- subject to a ceiling of Rs. 1,00,000/-. Additionally 20% bonus is also admissible under recent amendment and therefore maximum EDLI benefits for this category works out to Rs. 1,20,000/-.
EDLI benefit in case of Death of Member after completing one year :-
In the event of death of a subscriber after one year of continuous service in the same establishment, the nominee gets 20 times of the average monthly wage drawn during the preceding 12 months with 20% additional amount under recent amendment. And therefore with the wage ceiling of Rs. 15,000 per month, the maximum benefit amount works out to Rs 3.6 lakh.