Govt agrees to up EDLI scheme benefit to Rs 1 lakh
New Delhi, Mar 24 (PTI) The labour ministry has accepted a proposal to raise the ceiling of benefit under the Employees Deposit-Linked Insur...
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New Delhi, Mar 24 (PTI) The labour ministry has accepted a proposal to raise the ceiling of benefit under the Employees Deposit-Linked Insurance (EDLI) Scheme from Rs 60,000 to Rs 1 lakh, a move that would help over 4.71 crore EPFO subscribers.
“The labour ministry has written to the Employees’ Provident Fund Organisation (EPFO) for increasing the benefit under the EDLI Scheme from Rs 60,000 to Rs 1 lakh,” an official told PTI here today.
“The ministry has also asked the EPFO to place the matter before its apex body Central Board of Trustees for making the necessary amendments in the scheme,” the source said, adding, “the matter would be placed before the EPFO trustees at the April 9.”
Under the existing scheme, an EPFO subscriber gets insurance cover and gets benefit of up to Rs 60,000 in case he/she dies before superannuation
source-pti
“The labour ministry has written to the Employees’ Provident Fund Organisation (EPFO) for increasing the benefit under the EDLI Scheme from Rs 60,000 to Rs 1 lakh,” an official told PTI here today.
“The ministry has also asked the EPFO to place the matter before its apex body Central Board of Trustees for making the necessary amendments in the scheme,” the source said, adding, “the matter would be placed before the EPFO trustees at the April 9.”
Under the existing scheme, an EPFO subscriber gets insurance cover and gets benefit of up to Rs 60,000 in case he/she dies before superannuation
source-pti
