Benefits From ESI
Funeral Expenses : An amount of Rs.10,000/- is payable to the dependents or to the person who performs last rites from day one of entering insurable employment.
Employees' Deposit Linked Insurance (EDLI) Scheme:
On death of a member, the Family Members or Nominee (whoever has the entitlement to claim Provident Fund amount) can claim for EDLI Benefit. Maximum amount payable is Rs. 60,000/-. The nominee(s) have to apply in From-5IF through the Employer. No amount is taken from the Member for this facility. Employer contributes for this. Average PF Balance, salary and service are the factors considered for the calculation of this amount. EPF Pension can be applied for : Death while in service by the nominee.
Gratuity : The employer should pay statutory gratuity to the nominee.
Melk M