EMPLOYEES’ DEPOSIT LINKED INSURANCE SCHEME, The Central Government with the motive of providing additional Social Security. Govt hikes minimum life insurance for EPF-covered employees from Feb 15, 22 Feb, , PM IST. Under the EDLI scheme, EDLI or employee deposit linked scheme is an insurance policy to give life cover to the employees of organised sector.
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For each age-wise band, the estimates are net of the members enrolled and ceased during the month as per the EPFO records. Companies having 20 or more employees are required to mandatorily enrol those employees under the EPF scheme schme have a salary of up to Rs 15, per month.
This directive will facilitate employers to buy group insurance schemes for their workers from insurance companies at a price lower than 0. Firms can now ensure higher group insurance of Rs 1.
Employees’ Deposit Linked Insurance Scheme (EDLI), | WealthtechSpeaks
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