Get ₹7 Lakh Free Life Insurance on PF! Understand EDLI Scheme Benefits

• EPFO offers up to ₹7 lakh life insurance under EDLI scheme to EPF members without any premium payment.
• The employer contributes 0.5% of the employee's salary (Basic + DA) towards this premium-free insurance.
• Eligibility requires an active PF account and death while in service; benefits are not available post-retirement.
• Insurance amount is calculated as (Last Basic Salary + DA) × 35 + a maximum bonus of ₹1.75 lakh, capped at ₹7 lakh.
• To claim, nominees must submit Form 5(IF) with UAN, PF number, death certificate, and bank details via employer or EPFO.

Why It Matters: EDLI provides crucial premium-free life cover up to ₹7 lakh, offering financial relief to families.