EDLI Scheme: To extend the benefits of life insurance to private sector employees, the government has introduced the Employees Deposit Linked Insurance Scheme (EDLI) in 1976.
EDLI 7 lakhs notification

What is EDLI Scheme?
Employees Deposit Linked Insurance Scheme, or EDLI, is a type of insurance given by the EPFO (Employees Provident Fund Organization) for salaried employees in the private sector. ie., life insurance to private sector employees,
How does EDLI Scheme work?
This scheme works in combination with EPF and EPS. The amount of the benefit is calculated by the last drawn salary of the employee.
How EDLI Calculated?
According to the EDLI, an employer’s contribution must be 0.5 percent of the basic pay or a maximum of Rs. 75 per employee every month. If no other group insurance scheme exists, the maximum monthly contribution is Rs. 15,000/-.
EPFO LATEST CIRCULAR
E-File No: 27058
Date: 29.04.2021
To,
All ACC (Zones)
All RPFC (in Charge of ROs)
Subject: Gazette Notification No.GSR 299(E) dated 28.04.2021 – Reg.
Madam/Sir,
Please feed enclosed a copy of the above-mentioned notification issued by the Ministry of Labour & Employment amending the Employees’ Deposit-Liked Insurance Scheme, 1976.
- The said notification provides for the following :
(i) The maximum assurance benefit payable under paragraph 22(3) of EDLI Scheme has been enhanced to Rs. 7 lakh from the earlier maximum benefit of Rs.6lakh (Under para 22(3) of the scheme, the salary multiple shall be 35).
(ii) The minimum assurance benefit payable under paragraph 22(3) of the EDLI Scheme has been fixed as Rs.2.50 lakh w.e.f. 15.02.2020 (i.e. with effect from the date of lapse of said benefit).
(iii) The benefit payable under paragraph 22(3) of EDLI Scheme shall be extended to such beneficiaries where the deceased employee was a member of the Fluid or a provider fluid exempted under Section 17 of the EPF & MP Act aid was ii employment for a continuous period of 12 months preceding the month which he died, irrespective of change of establishment during the said period.
(iv) Under paragraph 28(4) of the EDLI Scheme, the power to grant exemption to a class of employees from the provisions of the scheme has been delegated to ACC (Zone).
(v) The monetary fee payable under paragraph 29 of the EDLI Scheme has been enhanced to Rs.25,000.
- The provision as mentioned ii sub-paragraphs (i), (ii) & (iii) above shall remain ii force for a period of three years from their date of publication ii the Official Gazette.
- It is requested to bring the above scheme amendments to the notice of all employers as well as employees covered under your jurisdiction through appropriate modes of publicity.
- It also intimated that all such proposals for grant of exemption from EDLI Scheme, 1976 that may have been forwarded to this office are required to be re-examined by concerned offices in light of the above amendment for further i.a. Tithe pending exemption proposals where the establishment may have sought exemption for a “class of employees”, where such class may be regular employees of the establishment or any other such defied class, appropriate action for grant of exemption may be taken ii accordion with relevant directions issued from time to time.
(This issues with the approval of ACC(HQ)(Pension))
Yours sincerely,
[Kartikey Singh]
Regional PF Commissioner-I (Pension)