Government Notifies EDLI Scheme, 2026

Notification No. G.S.R. 526(E), Dated 29.06.2026

The Government has notified the Employees’ Deposit-Linked Insurance Scheme, 2026, under the Code on Social Security, 2020. The new Scheme supersedes the earlier Employees’ Deposit-Linked Insurance Scheme, 1976.

The Scheme lays down the framework for employer contributions, insurance benefits, administration of the Insurance Fund, payment of assurance benefits to eligible beneficiaries and related compliance requirements.

1. Supersession of EDLI Scheme, 1976

The Employees’ Deposit-Linked Insurance Scheme, 2026 replaces the existing Employees’ Deposit-Linked Insurance Scheme, 1976.

This forms part of the implementation of the Code on Social Security, 2020, which consolidates and updates social security provisions applicable to employees.

2. Employer Contributions

The Scheme provides for the contribution payable by employers towards the insurance benefit framework.

These contributions form part of the mechanism through which insurance benefits are made available to eligible employees and their beneficiaries.

3. Mode of Payment of Contribution

The Scheme lays down provisions relating to the mode of payment of contributions.

Employers will be required to make contributions in the manner prescribed under the Scheme and within the applicable timelines.

4. Recovery of Damages for Default

The Scheme contains provisions for the recovery of damages in the event of default in the payment of contributions.

This is intended to ensure timely compliance by employers and protect the financial integrity of the Insurance Fund.

5. Duties of Employer

The Scheme specifies employers’ duties regarding compliance, record-keeping, contribution payments, and cooperation with authorities.

Employers are required to comply with the obligations prescribed under the Scheme to ensure proper implementation of insurance benefits.

6. Inspection of Records and Registers

The Scheme provides for inspection of records and registers maintained by employers.

This enables authorities to verify compliance with the provisions relating to contributions, employee coverage and other statutory requirements.

7. Administration Account and Insurance Fund

The Scheme includes provisions relating to the Administration Account and the administration of the Insurance Fund.

These provisions govern the management, accounting and utilisation of funds under the Scheme.

8. Insurance Benefits and Assurance Benefits

The Scheme lays down provisions relating to insurance benefits and the payment of assurance benefits to eligible beneficiaries.

The benefit framework is intended to provide financial support to eligible beneficiaries in accordance with the conditions prescribed under the Scheme.

9. Audit Requirements

The Scheme also includes provisions relating to audit.

Audit requirements are intended to ensure transparency, accountability and proper management of the Insurance Fund and related accounts.

10. Effective Date

The Employees’ Deposit-Linked Insurance Scheme, 2026 shall come into force on the date of its publication in the Official Gazette.

11. Objective of the Scheme

The Scheme seeks to:

• Replace and update the earlier EDLI framework;
• Align deposit-linked insurance provisions with the Code on Social Security, 2020;
• Regulate employer contributions and payment procedures;
• Ensure proper administration of the Insurance Fund;
• Provide assurance benefits to eligible beneficiaries; and
• Strengthen compliance, inspection and audit mechanisms.

12. Key Takeaway

The Government has notified the Employees’ Deposit-Linked Insurance Scheme, 2026, under the Code on Social Security, 2020, superseding the Employees’ Deposit-Linked Insurance Scheme, 1976. The Scheme covers employer contributions, payment procedures, recovery of damages for default, employer duties, inspection of records, administration of the Insurance Fund, insurance benefits, assurance benefits to eligible beneficiaries and audit, and will come into force from the date of its publication in the Official Gazette.

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