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All-in-one HR platform · v2.0
14-day free trial · No credit cardhello@HrMagix.com
All-in-one HR platform · v2.0
14-day free trial · No credit cardhello@HrMagix.com
Life insurance for EPF members under the Employees' Deposit Linked Insurance Scheme 1976, paid to the nominee if the member dies while in service. The employer funds it at 0.5% of wages up to ₹15,000 a month; employees contribute nothing.
Payroll rarely thinks about EDLI until a claim arises, because the employer's 0.5% contribution goes out automatically in the monthly PF challan. On a ₹15,000 wage ceiling that is ₹75 a month per member for anyone at or above the ceiling.
Where it matters is when an employee dies in service. HR then helps the nominee or family file the claim, attesting the form and confirming the member's service and wage details. The insurance benefit depends on the member's average wages and PF balance over the preceding months, within limits set under the scheme, so check the current EPFO rules for the minimum and maximum amounts.
The common gap is an outdated or missing nomination. HR should check during onboarding and periodically that every member has filed an e-nomination on the EPFO portal, since without it the family faces a longer process at a difficult time.
0.5% of PF wages up to ₹15,000, so the maximum is ₹75 per employee per month. The employee does not contribute to EDLI.
The nominee or legal heir of an EPF member who dies while in service. The claim is made to the EPFO with the death certificate and the member's details.
Yes, all EPF members are covered automatically. Employers can be exempted only if they run an approved group insurance scheme that gives better benefits.
It depends on the member's average wages before death and the PF balance, subject to a minimum and maximum set under the scheme. Check the EPFO notification for current figures.
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