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Tuesday, February 20, 2018

EDLI Update - Minimum Assurance benefit of Rs. 2.5 lakhs for two years

Effective from 15th February 2018, Ministry of Labour and Employment has introduced minimum assurance benefit of Rs. 2.5lakhs and maximum of 6 lakhs.
Accordingly, the proviso under para 22(3) (i) has been substituted as under;
the minimum assurance benefit of Rs. 2.5 lakhs shall be in force for a period of two years from the date of publication of this Scheme in the Official Gazette.

Please refer the attached notification for more details