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Employees Provident Fund Organisation (EPFO) gives insurance coverage of up to 7 lakh to its members who regularly contribute to the EPF. The members do not have to pay any premium to avail the insurance under this scheme. The scheme is called the Employees Deposit Linked Insurance (EDLI) scheme. It applies to all the employees whose basic salary is under Rs 15000.  Even members whose basic salary is more than Rs 15000 can get the insurance maximum benefit up to Rs 6 lakh.Your family members will get the benefit of the scheme. Check features of the scheme & when & how can your family members avail the scheme. EPFO EDLI Scheme: Features The EPFO members don’t have to pay any premium for this insurance. The claim amount is 35 times higher than the average monthly pay of the EPF members for the previous 12 months up to a maximum of Rs 7 lakh. Even the bonus of Rs 150000 is given under this scheme which has been increased up to Rs 1.75 lakh from April 28 2021. For all EDLI computations the dearness allowance must be applied to the basic pay. EPFO EDLI Scheme: Insurance Claim Calculation All employees dont get the Rs 7 lakh claim amount but the insurance is calculated as per below formula. The insurance amount is depend on the basic salary and DA of the last 12 months. The claim for insurance coverage will be 35 times the last basic salary + DA. Apart from this a bonus amount of up to Rs 175000 is also paid to the claimant. For example if the basic salary + DA of an employee for the last 12 months is Rs 15000 then the insurance claim amount will be (35 x 15000) + 175000 = Rs 700000. EPFO EDLI Scheme: How To Claim? When the EPF member dies untimely his or her nominee or legal heir can claim insurance coverage.  The age of the nominee should be at least 18 years. If it is less than this the parents can claim on his behalf.  Documents like a death certificate and succession certificate will be needed.  If a minors guardian claims the insurance then a guardianship certificate and bank details need to be submitted.