Employee Deposit Linked Insurance or EDLI is a mandatory insurance scheme for private sector employees who are enrolled into EPF. The quantum of insurance provided depends upon the salary (salary refers only to Basic and DA) drawn in the last 12 months before death. The insurance paid out is subject to a minimum of two point five Lakhs and maximum of seven lakhs.
Read more about EDLI in our article published in Money9 below and propagate this widely to help families in distress.
Image credit: Money9, Pixabay
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