EDLI Insurance Protection Limit Expected To Rise To 10.50 Lakh Rupees

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The free life insurance cover under the EPFO's EDLI scheme is expected to rise from 7 lakh rupees to 10.50 lakh rupees.
The increase follows the government's decision to raise the EPFO wage ceiling from 15,000 rupees to 25,000 rupees per month.
Under the current EDLI formula, the payout to a deceased employee's nominee is calculated as the 12-month average monthly salary multiplied by 35, plus a capped amount based on the EPF balance.
With the wage ceiling at 25,000 rupees, the same formula works out to a maximum cover of 10,50,000 rupees.
A higher EDLI cover matters because it boosts the free insurance protection that EPF members' families receive alongside retirement savings, though the change takes effect only after an official notification.

Official notification laying out the new EDLI calculation rules
Whether the 1.75 lakh rupee cap on the EPF balance component of the formula is also raised
Final confirmation of the exact maximum EDLI cover amount

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1 report

Indian-language1

All filed from India

Named India · Employees' Provident Fund Organisation · Government of India

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