PF EDLI Benefits - The Employees Deposit Linked Insurance Scheme 1976(EDLI)

PF EDLI Benefits - The Employees Deposit Linked Insurance Scheme 1976(EDLI)


Definition of PF scheme EDLI-1976 :-

In this scheme, unless the context otherwise requires
a) ACT means the Emploees Provident funds and miscellaneous provision act,1952
b) Assurance benefit means a payment linked to the average balance in the provident fund account of an employee payable to a person belonging to his family or otherwise entitled to it in the event of death of the employee while being a member of the fund.
c) All other words and expressions used herein but not defined shall the meaning respectively assigned to them in the act or Employees provident funds scheme 1952. this scheme shall be administrated by the central board constituted under section 5A of the Act.
d) The provisions of theis scheme shall com into force on the 1 day of August 1976.


PF - Epfo Employees Deposit Linked Insurance Schemes Benefits are according to the revised plan, the maximum benefit under the scheme Rs 1,30,000 contribution can be paid upto the maximum limit of wages under this scheme Rs.6500. Family get twenty times of the average salary of the last 12 months of member. This benefit given only incase of death of an employee who is member of the scheme at the time of the death.

PF - Epfo Employees Deposit Linked Insurance Schemes Nominations under the EPF scheme will be applicable for the EDLI scheme also.


Mode of payment of contribution :-The contribution by the employer shall be remitted by him together with administrative charges at such rate as the Central Government may fix from time to time under sub-section 4 of Section 6C of the Act, to the Insurance Fund within fifteen days of the close of every month by a separate bank draft or cheque or by remittance in cash in such manner as may be specified in this behalf by the Commissioner. The cost of remittance if any, shall be borne by the employer.
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PF Benefits PF Nomination - Employees Provident Funds Scheme 1952 Benefits and Nomination

PF Benefits PF Nomination - Employees Provident Funds Scheme 1952 Benefits and Nomination

PF Scheme 1952 Benefits are Accumulation plus interest upon retirement , resignation,death. Partial withdrawals allowed for specific expenses such as houjse construction,higher studies,marriage,illness etc...

PF Scheme 1952 Nomination : There is a common form for all the three schemes Form 2 (R) the nominations in case of EPF Scheme are also applicable for the EDLI scheme. Member not having any family member as defined in the said para can nominate any other person bu the nomination will become invalid in case of the member acquiring family. And third is Member having family can nominate any one or more of the family members as defined under the para 2 (F) of the EPF Scheme 1952.

Membership of the Fund

Classes of employees entitled and required to join the fund.....

1. a) Every employee employed in or in connection with the work of a factory or other establishment to which this scheme applies other than an excluded employee,shall be entitled and required to become a member of the fund from the day this paragraph comes into force in such factory or other establishment.

Every employee employed in or in connection with the work for factory or other establishment to which this scheme applies, other than an excluded employee , shall also be entitled and required to become a member of thefund from the day this paragraph comes in to force in such factory or establishment.

Contributions....

The contributions payable by the employer under the scheme shall be at the rate of ( ten per cent) of the ( basic wages, dearness allowance ( including the cash value of any food concession ) and retaining allowance payable to each employee to whom the scheme applies : provided that the above rate of contribution shall be twelve per cent in respect of any establishment of class of establishments which the central government may specify in the official gazette from time to time under the first proviso to sub section of section 6 of the Act.

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If You Want to know the Establishment Information ?

If you want to know the claim status Information about your PF you should know about your Establishment information's like...

First you copy and paste the link in new browser http://search.epfoservices.in/est_search.php

Before that we should know the Establishment under old office code or Establishments under office or PIN code of the establishment.Since the EPF members and even some employers were not aware of the new Region and Office codes, the facility has been provided to search the code number of an establishment and the EPFO Office under which the establishment is making the PF remittances. 

Use of this Establishment search , Since the creation of the multiple Regional Offices in some of the States, the erstwhile used State Codes were changed for 19 Regional Offices. Moreover, after the implementation of the Computerisation Project in the EPFO Offices, the members account number uses the Office code also even when the Region Codes had not changed.  

A visitor to the website, who knows any one of the search fields, namely his account number starting with the old State code, name of his establishment, part name of the establsihment, office under which his accounts are maintained etc
can search the details of the establsihment and also view:
1. Each electronic return (TRRN) wise payments made by the employer since
April 2012,
2. Name of the members for whom the electronic
3. Advantages of the facility for:

Principal Employers: Can check the remittances by their contractor establsihments and the names of their contractual employees. 
Employers: Can check whether the remittances made by them has reflected in the list of payments and whether the member pass book against any ECR has been made available. If yes, it will be available for download on login to the employer portal.
MEMBERS: Can check whether their employer has remitted dues and if yes whether his/her name appears in the list of employees. If yes, then only the epassbook upto that month will be available on the Member Portal.