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All you need to know about Employee Deposit Linked Insurance

Employee Deposit Linked Insurance (EDLI  )was introduced by the Government in the year 1976 for private-sector employees. However, it was intended to offer financial support to the employee and their family in the happening of an unforeseen event. Under the Employee Deposit Linked Insurance,  the insured employee will have life coverage. So, in the untimely […]

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Features of Employee Deposit Linked Insurance Scheme you did not know

The Employee Deposit Linked Scheme (EDLI) is an insurance cover for the life of the employees of the organized sector. A lump sum payment is provided to the beneficiary of the employee in case the employee dies during the service period. All the organizations that are covered under the Employee’s Provident Fund and Miscellaneous Provisions […]

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All that you need to know about EDLI Scheme

As we all are aware that most of the companies in the organized sector provide the provision of Employees’ Provident Fund (EFP). EPF and EPS (Employees’ Pension Scheme) are 2 major retirement savings policies specially meant for the salaried workers. It is compulsory for every employee, who is earning a monthly basic pay up to […]

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What is FCL in Group EDLI Schemes by the insurers?

Employees of an organized sector have the opportunity to get life cover through a group employee deposit linked insurance. According to this scheme, the family member of the employee gets the sum insured in case the employee dies during the service period. The amount of cover in group employee deposit linked insurance policy is determined […]

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