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 […]

Read More

All that you need to know about EDLI

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 […]

Read More

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 […]

Read More