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Employees Deposit Linked Insurance Scheme amended to increase compensation from Rs 6 lakhs to Rs 7 lakhs   Apr 29, 2021

The Central Government has issued a notification dated 29th April 2021 amending the EDLI Scheme under the EPF Act 1952.


In the Employees' Deposit-Linked Insurance Scheme, 1976 in paragraph 22, in sub-paragraph (3),–– 

(a) in the opening portion, for the words ―who was in employment of the same establishment‖, the words ―and was in employment‖ shall be substituted; 

(b) in clause (i);

(i) for the words ―thirty times‖, the words ―thirty-five times‖ shall be substituted; 

(ii) the words ―or during the period of his membership, whichever is less‖ shall be omitted; 

(iii) for the words ―one lakh and fifty thousand rupees‖, the words ―one lakh and seventy-five thousand rupees‖ shall be substituted; 

(iv) before the second proviso, the following proviso shall be inserted and shall be deemed to have been inserted with effect from the 15th day of February, 2020, namely:–– 

       ―Provided that the assurance benefit shall not be less than two lakh and fifty thousand rupees:‖; 

(v) in the second proviso, for the words ―six lakh rupees‖, the words ―seven lakh rupees‖ shall be substituted. 

3. In the said Scheme, in paragraph 28, in sub-paragraph (4), in clause (i), after the words ―Central Provident Fund Commissioner‖, the words and brackets ―or Additional Central Provident Commissioner (Head Quarters) or Additional Central Provident Fund Commissioner‖ shall be inserted. 

4. In the said Scheme, in paragraph 29, in the long line, for the words ―four thousand rupees‖, the words ―twenty-five thousand rupees‖ shall be substituted. 

5. The provisions of paragraph 2 of this Scheme relating to amendments made thereto in sub-paragraph (3) of paragraph 22 of the said Scheme shall be in force for a period of three years with effect from the date of publication this Scheme in the Official Gazette.  



Copy of the notification is attached  

 

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