DLI - Deposit Linked Insurance Scheme
- DLI
stands for Deposit Linked Insurance
- Introduced
w.e.f., 08.01.1975
- Revised
vide RBE 221 of 2009 (Letter No. E(W)2009/WE-1/10 dated 14.12.2009) -
These orders are effective from 06.06.2009 Click
for RBE 221
- Objects:
1. To provide extra social security to the families of subscribers to
SRPF 2. A positive incentive to Railway employees who save more (in
their PF Account)
- Payment
of Premium is not required.
- Minimum
Service: 5 Years
- Minimum qualifying balance is as follows:
|
Grade Pay |
Minimum qualifying balance in the last 3 Years at the
credit of the PF account of the deceased employee. |
|
Grade Pay Rs 4,800 and above |
Rs. 25000 |
|
Grade Pay Rs 4,200 but less than 4,800 |
Rs. 15000 |
|
Grade Pay Rs 1,400 but less than 4,200 |
Rs. 10000 |
|
Grade Pay Rs 1,300 but less than 1,400 |
Rs. 6000 |
- Payment:
The minimum balance available in PF account during the last 36 months
subject to the ceiling limit of Rs. 60,000 will be paid to the heir
of deceased employee.
Example 1
- Mr.
A, whose Grade Pay is ₹4200, passed away on 05.01.2022.
- The
minimum balance in his Provident Fund (PF) account during the 36 months
preceding January 2022 was ₹16,000.
- Hence,
the DLI (Deposit Linked Insurance) payment payable to the heir of Mr. A is
₹16,000.
Example 2
- Mr.
B, whose Grade Pay is ₹1300, passed away on 05.01.2022.
- The
minimum balance in his PF account during the 36 months preceding January
2022 was ₹5,900.
- Since
the minimum balance (₹5,900) is less than the required minimum of ₹6,000,
the heir of Mr. B is not eligible for DLI payment.
Example 3
- Mr.
C, whose Grade Pay is ₹4800, passed away on 05.01.2022.
- The
minimum balance in his PF account during the 36 months preceding January
2022 was ₹72,000.
- Therefore,
the DLI payment payable to the heir of Mr. C is ₹60,000, which is the
maximum amount admissible under the DLI Scheme.
- Maximum
DLI to be paid is Rs.60000
- Payment
of DLI is minimum balance in last 3 Years subject to maximum of Rs.60000
- Qualifying
period is 3 Years
- Minimum
Service is 5 Years
- DLI
stands for Deposit Linked Insurance
- Introduced
in the year 1975
- Applicable
to the SRPF subscribers only
- SRPF
stands for State Railway Provident Fund
- Authority:
RBE 221 of 2009
—-End—-
