1.4 C
Monday, January 17, 2022

EDLI Scheme: Relief to Central Employees! Now the maximum sum assured will be Rs 7 lakh, notification issued

- Advertisement -spot_imgspot_img
- Advertisement -

Under the Employment Deposit Linked Insurance Scheme, the limit for the insurance amount given to central employees has been increased. In this, the family’s claim can be taken on the death of the employee.

EDLI Scheme

The government has given relief to the central employees in this difficult time of Corona period. The limit of insurance amount given under the Employee Deposit Linked Insurance Scheme, 1976 (EDLI Scheme) has been increased from 6 lakh rupees to 7 lakh rupees. In this connection, the Trustee Board of the Employees’ Provident Fund Organization (EPFO) has issued a notification today.

Explain that the decision to increase the maximum sum insured under the EDLI scheme was taken on September 9, 2020 in the Central Board of Trustees (CBT) of the EPFO ​​headed by Labor Minister Santosh Gangwar. In this regard, Labor Secretary Apoorva Chandra said that the maximum sum insured will be applicable from the date of notification.

Minimum Sum Assured will remain intact

Under the EDLI scheme, a minimum sum assured of Rs 2.5 lakh is given. The CBT decided not to make any changes in it, to keep it as it is. The EPFO ​​trustees had recommended a minimum benefit of Rs 2.5 lakh to the family members of the deceased employee who died during the service.

What is EDLI scheme

If an employee dies, then his family members can get the maximum sum insured as insurance. EDLI or Employee’s Deposit Linked Insurance Scheme provides a lump sum payment to the nominated beneficiary of the insured in the event of death due to natural causes, illness or accident. Earlier its maximum limit was 6 lakhs, now it has been increased to 7 lakhs.

Also read: From May 1, these changes will take place from withdrawing money from the bank to the prices of cylinders, know how you will be affected.

Atal Pension Yojana: Get up to 5 thousand pensions by depositing only 248 rupees every month, know the process of investment

- Advertisement -
Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img


Please enter your comment!
Please enter your name here