Employees Deposit Linked Insurance

The government of India introduced the Employees Deposit Linked Insurance Scheme to ensure all employees are benefited by the Insurance cover and secure their loved ones financially.

For all employees who are covered under the employee’s provident fund and miscellaneous provision act of 1952, it is mandatory as an employer to subscribe to an Employee Deposit Linked Insurance Scheme which aims to provide the benefit of life insurance to all employees.

Significance for the Employer
  • Dedicated relationship manager and group servicing team will be single point of contact for client servicing.
  • Premium payable by the employer is usually less than the total contribution being paid by the employer to the Regional Provident Fund Commissioner (RPFC).
  • Under Section 37 (I) A of the Income Tax Act of 1961, amount paid towards premium payment may be treated as a business expenditure.
Significance for the Employees
  • Better / Enhanced benefits can be provided to all employees irrespective of the Provident Fund component or tenure in organisation as compared to the benefits under the EDLI scheme of RPFC.

UNISON has dedicated team members who not only have in depth subject knowledge & experience that enables you to choose among the best suited policies but we also help you tailor them as per your requirement and set up the right insurance program with industry benchmarking and your requirements.