INCOME TAX1 Oct 2026
EDLI FAQs answered: How much insurance benefit is paid under the new wage ceiling? Who is not eligible? | Mint
Good news for EPF members. The wage ceiling for the Employees' Deposit Linked Insurance (EDLI) scheme has risen from ₹15,000 to ₹25,000 from September 17. So the maximum insurance payout to your family rises from ₹7 lakh to ₹10.5 lakh. Employers fund it fully, with no deduction from you. Those in exempted PF trusts are not covered. Keep your nomination updated on the EPFO portal.
Key Statutory Highlights
- The EDLI wage ceiling has gone up from ₹15,000 to ₹25,000 from September 17, raising the maximum insurance benefit from ₹7 lakh to ₹10.5 lakh.
- Employers contribute 0.5% of basic salary towards EDLI, and nothing is deducted from the employee.
- If your company runs an exempted PF trust, you are not eligible, and no benefit is payable if the member dies after employment has ended.
Actionable Advice for Taxpayers / Founders:Submit or refresh your nomination on the EPFO member portal, and update nominee details after any major life event, so your family can claim the EDLI benefit without avoidable delay.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: