Greetings Today morning one of my colleague while crossing the Railway Track met with accident and he died on the Spot.
Now I want to fill Form 10D, Form 19 and Form 5 (IF).
In form 5 (IF) EDLI in the third page total 36 months PF Contribution details has been asked. But he was serving only from 19 Apr 2012 to till yesterday.
Shall the family of Deceased will get the EDLI and other benefits only for those completed 3 years of service or anyone can avail.
Your clarification in this regard is highly solicited.
From India, Kumbakonam
1165Now I want to fill Form 10D, Form 19 and Form 5 (IF).
In form 5 (IF) EDLI in the third page total 36 months PF Contribution details has been asked. But he was serving only from 19 Apr 2012 to till yesterday.
Shall the family of Deceased will get the EDLI and other benefits only for those completed 3 years of service or anyone can avail.
Your clarification in this regard is highly solicited.
From India, Kumbakonam
Dear Bhaskar,
That law must be having an exception when it comes to Death, so the specif terms may not be applicable.. and please refer the details given below covered under the scheme.......
Assurance Benefit :
The benefit provided under the Employees' Deposit Linked Insurance Scheme is called Assurance Benefit. On the death of the member while in service, the nominee or any other person entitled to receive the Provident Fund benefits will, in addition to the Provident Fund, receive the Assurance Benefit under Employees' Deposit Linked Insurance Scheme .
Scale of Assurance Benefit :
From 1-4-93 onwards the amount of Assurance Benefit payable is an amount equal to the average balance in the amount of deceased in the Fund during the preceding 12 months or during the period of his membership whichever is less, except where the average balance exceeds Rs. 25,000/- amount payable shall be Rs. 25,000/- plus 25% of the amount in excess of Rs.25,000/- subject to a selling of Rs. 35,000/-. The Form prescribed for claiming the Assurance Benefits under the Employees' Deposit Linked Insurance Scheme, 1976 , is Form 5(IF).
(So it clearly mentions which ever is less or 25000/-...........)
From India, Bangalore
That law must be having an exception when it comes to Death, so the specif terms may not be applicable.. and please refer the details given below covered under the scheme.......
Assurance Benefit :
The benefit provided under the Employees' Deposit Linked Insurance Scheme is called Assurance Benefit. On the death of the member while in service, the nominee or any other person entitled to receive the Provident Fund benefits will, in addition to the Provident Fund, receive the Assurance Benefit under Employees' Deposit Linked Insurance Scheme .
Scale of Assurance Benefit :
From 1-4-93 onwards the amount of Assurance Benefit payable is an amount equal to the average balance in the amount of deceased in the Fund during the preceding 12 months or during the period of his membership whichever is less, except where the average balance exceeds Rs. 25,000/- amount payable shall be Rs. 25,000/- plus 25% of the amount in excess of Rs.25,000/- subject to a selling of Rs. 35,000/-. The Form prescribed for claiming the Assurance Benefits under the Employees' Deposit Linked Insurance Scheme, 1976 , is Form 5(IF).
(So it clearly mentions which ever is less or 25000/-...........)
From India, Bangalore
Dear Seniors
greeting of the day
I am Working in a home Appliances Company. The matter is my Boss Ordered Give 3 month notice period a Receptionist for termination her job. the reason is not satisfy her work. so what to do. and give me a sample letter for notice period for 3 months.
From India, Chandigarh
greeting of the day
I am Working in a home Appliances Company. The matter is my Boss Ordered Give 3 month notice period a Receptionist for termination her job. the reason is not satisfy her work. so what to do. and give me a sample letter for notice period for 3 months.
From India, Chandigarh
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