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 […]
Articles Tagged: Employee Deposit Linked Scheme
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 […]