Dear Rakesh Negi,
EDLI compensation has 2 parts.
1. 30 times of salary on which EDLI premium is paid. (Subject to a salary ceiling of Rs. 15,000).
2. 50% of the average deposit in PF for total service and the last twelve months, whichever is less; subject to a ceiling of Rs. 1,50,000.
i.e., the ceiling of the above two will be Rs. 4,50,000 and Rs. 1,50,000 respectively, and the total ceiling is Rs. 6,00,000.
Abbas.P.S