New Delhi, June 27 -- Employees' Provident Fund Organisation (EPFO) subscribers can claim up to Rs.7 lakh benefit from the Employees Deposit-Linked Insurance (EDLI) scheme. The corpus comprises minimum employer contribution of 0.5% of the basic salary or a maximum of Rs.75 per month for each employee. If there is no other group insurance scheme, the maximum contribution is capped at Rs.15,000 per month.

EDLI contribution is subject to similar tax benefits as monthly employees provident fund contributions. Further, the insurance payout at time of demise if exempt from tax for your nominee(s) / legal heir. Today, we explain how you can avail the benefit with no additional charges, and file claims with the retirement organisation:

Notably,...