Employees Deposit Linked Insurance (EDLI)

The sum assured under the Group Employee Deposit Linked Insurance is higher than coverage provided by the Employee Provident Fund Organisation (EPFO). This scheme provides a lump sum payment to the employee’s nominee / beneficiary in the event of his/her death due to natural causes, illness, or accident. Buy this policy to provide your employees’ families with income security in the event of unfortunate death of the employee.

The policy cover is for 24/7 and not related to actual office timings, unlike some other insurances such as workmen compensation or group personal accident that can be restricted to incidents in the workplace. The cover is worldwide and being at the workplace at the time of death is not necessary. In case the employee dies, the nominee is paid the insured amount.

Unlike other plans, there is no threshold of minimum years of service to avail EDLI benefit. Every employee who is the member of the provident fund can be covered under the EDLI scheme. This scheme is transferable in case if the employee changes their job.

Claim settlement is fast with simple processes. Turnaround times are regulated by the IRDAI. Any delays can be escalated to us using our mobile app ‘Notify’ or the customer service numbers. We ensure that the documentation is complete and the claim is processed faster.