Gm to all HR folks Please tell about EDLI Death Claim Calculation Method - How Much Claim Amount Is Granted By EPFO.
From India, Warangal
5From India, Warangal
Hi,
The EDLI insurance amount that the heirs of a deceased member get is calculated as 35 times the average monthly salary in the last 12 months of employment.
The maximum average monthly salary of an employee is capped at Rs. 15,000
So, 35 times the salary comes to be around to be 35 x ₹ 15,000 = Rs. 5,25,000
A bonus amount of up to Rs. 1,75,000 is also paid to the claimant under this scheme
Thus, the total amount payable under this scheme to the beneficiary is Rs. 7,00,000
From India, Madras
The EDLI insurance amount that the heirs of a deceased member get is calculated as 35 times the average monthly salary in the last 12 months of employment.
The maximum average monthly salary of an employee is capped at Rs. 15,000
So, 35 times the salary comes to be around to be 35 x ₹ 15,000 = Rs. 5,25,000
A bonus amount of up to Rs. 1,75,000 is also paid to the claimant under this scheme
Thus, the total amount payable under this scheme to the beneficiary is Rs. 7,00,000
From India, Madras
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Death while in service letter for pf death claim.docx
PF Death case Composite Claim Form No 20,10D & 5IF.xls