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Home News EPFO hikes minimum PF-linked life insurance payout to INR 2.5 lakh

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EPFO hikes minimum PF-linked life insurance payout to INR 2.5 lakh

EPFO hikes minimum PF-linked life insurance payout to INR 2.5 lakh

Friday, April 14, 2017, 9:56 AM

Subscribers to the Employees Deposit Linked Insurance (EDLI) scheme, run by India’s retirement fund manager, will be eligible for a limited period minimum life insurance of as much as Rs.2.5 lakh. The validity of the insurance benefit will end on April 2019, when the next general elections are due. Minimum insurance will be given to the kin of an employee who dies during service.
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