EDLI Scheme

The Union Government enhanced the quantum of benefits under the Employees' Deposit Linked Insurance (EDLI) Scheme, 1976, from Rs. 60,000 to Rs. 1 lakh, in June. Employers claiming exemption under Section 17(2A) of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, have to get the master policy modified to make it more favourable/better than the revised benefit now available under the scheme. On failure to carry out the above directions, the exemption/relaxation grant will be cancelled without any further notice, according to a release by the Employees' Provident Fund Organisation. — Staff Reporter

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