Life Insurance Policy

Employee Deposit Linked Insurance Scheme (EDLI)

  • The EDLI scheme was launched in 1976 to provide insurance benefits to members of EPFO.
  • EPFO members are automatically enrolled for EDLI.
  • An EPFO member is only covered by the EDLI scheme as long as he/she is an active member of the EPF. His family/heirs/nominees cannot claim it after he leaves service with EPF.
  • There is no minimum service period for availing EDLI benefits
  • The employer has to make the contribution for EDLI and there are no fees deducted from the employee’s salary.
  • The main objective behind this scheme was to ensure that the family of members, legal heirs, nominees get financial assistance in case of death of the member.
  • The employer can opt out of the scheme in case he takes a better insurance cover from Life Insurer. In fact, their offerings are more cost – effective and efficient, than offered by EPF.