This Insurance Scheme By EPFO Offers Up To Rs 7 Lakhs To Nominees Of Deceased Employees
News18 English | March 5, 2024 9:57 AM CST
Employed individuals, particularly those with responsibilities, often prioritize ensuring their family’s financial stability in the event of their sudden demise. To address this concern, the Employees’ Provident Fund Organisation (EPFO) has established the Employee Deposit Linked Insurance Scheme (EDLI), offering free insurance coverage to employees contributing to the Employees’ Provident Fund (EPF). Under this scheme, a nominee can receive up to 7 lakhs in the event of the employee’s sudden death. The EDLI serves as a complimentary insurance scheme for employees, with nominated benefits...
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