What is the Minimum and Maximum assurance benefit receivable through the EDLI Scheme?

What is the Minimum and Maximum assurance benefit receivable through the EDLI Scheme?

The Employees Deposit Linked Insurance (EDLI) scheme is an insurance plan provided through the Employees Provident Fund Organization (EPFO) for private sector employees.  The minimum amount receivable is Rs:2,50,000/- and the maximum is capped at Rs:7,00,000/-.  The benefit is calculated @ 35 times of the average monthly salary in the last twelve months.  However, the maximum salary is capped at Rs:15,000/-.  This works out to Rs:5,25,000/- (35 x 15,000), and an additional bonus of Rs:1,75,000/- is paid thus making the total amount under the scheme as Rs:7,00,000/-.