EDLI is an insurance cover provided by the EPFO for salaried employees from the private sector. Besides being a retirement fund, EPFO offers many other benefits and one of them is the EDLI insurance cover where a lump sump payment is made to the registered nominee at the time of unprecedent death of the insured
person (i.e. employee). Central government has increased this insurance cover to a maximum of INR 7 Lakhs with a recent amendment. A lot of employees are not aware of this benefit and the reason can be the lack of guidance from the HR teams and PF consultants.