EPF Death Benefit in Covid19 Pandemic
(EDLI – Employees Deposit Linked Insurance Scheme)
- Eligibility : All EPF Active Member in case of Death during his/her Service or Job.
- Contribution : Nil (Only by Employer 0.5% on Basic)
- Who Claim : Nominees, Family members or Legal Heirs.
- Maximum Basic Salary Capping : Rs. 15000/- pm.
- Maximum Claim Amount : Rs.7,00,000/-.
- Calculation of Maximum Claim Amount : { Average Month Salary of last 12 months (Max Capped 15000 pm*35) Rs. 5,25,000 + Max Bonus Rs. 1,75,000 }
How to Claim : Document Required :
- Duly Filled Form -5 IF.
- Death Certificate of the Insured Person.
- Legal Heir Certificate.
- Copy of Bank Cancelled Cheque of Claimaint.
- Address Proof (Aadhaar Copy) of Claimaint.
- All documents to be signed by the Claimaint (Nominee/legal heir) and certified by Current Employer & then to be submitted in EPFO office of current establishment.
- Maximum Time for Settlement : 30days
Source : Ministry of Labour & Employment, Gazate Notification on 28th April 2021 G.S.R. 299(E): Section 6C read with sub-section (1) of section 7 of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952).