1. What is EPFO EDLI?

Definition: EDLI (Employees' Deposit Linked Insurance) is a life insurance scheme provided by EPFO (Employees' Provident Fund Organisation) in India.

Purpose: It provides life insurance coverage to employees who are members of the EPF scheme.

2. How Does the EDLI Calculation Work?

The calculator uses the formula:

Where:

• EDLI — Employees' Deposit Linked Insurance amount ($)
• Average Salary — Average monthly salary drawn during the 12 months preceding death ($/month)

Note: The maximum EDLI benefit is capped at ₹6 lakhs (approximately $7,200) as per current EPFO rules.

3. Importance of EDLI Calculation

Details: Understanding your EDLI benefit helps in financial planning and ensures your family's financial security.

4. Using the Calculator

Tips: Enter your average monthly salary (12 months average before death). The value must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: What is the minimum EDLI benefit?
A: The minimum EDLI benefit is ₹2.5 lakhs (approximately $3,000).

Q2: Who is eligible for EDLI?
A: All employees enrolled in EPF scheme are automatically covered under EDLI.

Q3: How is average salary calculated?
A: It's the average of monthly salary drawn during the 12 months preceding death.

Q4: Are there any exclusions?
A: Yes, certain conditions like suicide within one year of coverage may have exclusions.

Q5: How to claim EDLI benefit?
A: Nominees can claim through EPFO by submitting required documents including death certificate.