Get 7 Lakh Life Insurance Free with Your PF! Know EDLI Scheme Benefits

• Salaried employees receive up to ₹7 lakh life insurance cover under the EDLI scheme without paying any premium.
• The premium for EDLI is entirely paid by the employer (0.5% of Basic + DA), not deducted from the employee's salary.
• Eligibility requires active EPF membership and death during service; benefits are not available after retirement or job cessation.
• Insurance amount is calculated as (Last Basic Salary + DA) × 35 + a maximum bonus of ₹1.75 lakh, capped at ₹7 lakh.
• Claims are made using Form 5(IF) with UAN, PF number, death certificate, and updated nominee details for swift processing.

Why It Matters: EDLI offers free life insurance up to ₹7 lakh via PF, providing crucial financial support to families.