Employees’ Deposit Linked Insurance Scheme (EDLI) is intended specifically for salaried workers in the private sector offered by the EPFO. This system works in tandem with the EPF and the Employees’ Pension Scheme (EPS). If an accident occurs during the individual’s active service time, the nominee will get a lump-sum insurance pay-out.
According to the announced measures, the EDLI scheme’s insured amount is Rs 7 lakh now. It should be noted that EDLI enrollment occurs automatically for all organisations covered by the Employees’ Provident Fund (EPF) and Miscellaneous Provisions Act, 1952. Under this program, there are no exclusions, and the insurance coverage is based on the wage received during the final year (12 months) of employment before death.
Documents required to file claim under EPF, EPS and EDLI
Following documents will be required to be submitted:
a) Death certificate of the EPF member
b) Date of birth certificate of the claimants
c) Bank account proof (cancelled cheque/passbook) of claimant/s
d) Beneficiary’s Aadhaar number
e) Photograph of the claimant/s
In the event that the claim is submitted online, the nominee must have their phone number linked to their Aadhaar. Make sure the beneficiary’s (nominee’s) name, Aadhaar number, and date of birth match those on record with the EPFO, as provided by the member (i.e., the deceased person) when the nomination was submitted. Readmore
Source By: economictimes
