What is the maximum insurance cover provided under the Employees’ Deposit Linked Insurance (EDLI) Scheme in case of the death of an active member during the service period?

Correct option is D

The maximum insurance cover provided under the EDLI Scheme is Rs. 7 lakh.
Details-
· Scheme Overview: EDLI is an insurance scheme provided by the Employees’ Provident Fund Organization (EPFO) and is automatically applicable to organizations under the EPF and Miscellaneous Provisions Act, 1952.
· Eligibility: All active members of EPFO are covered, and in the case of the member's death during the service period, their nominee or legal heir receives the benefit.
· Combination of Schemes: The EDLI scheme works in combination with the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS).