The Employees' Provident Fund (EPF) is a retirement advantage government scheme that gives budgetary coverage to the workers (EPF account holders) after retirement. |
In any case, do you realize that the EPF rules additionally gives life coverage to the workers?
Thus, let us think about this component of the EPF plan.
Life Coverage for EPF Account Holders
Truly, all EPF Account Holders can get free life cover u/s 17(2a) of the Employees' Deposit Linked Insurance Scheme (EDLI) 1976 guidelines when his EPF account gets opened.
The amount Life Coverage for EPF Account Holders?
The EPF account holders are qualified for life protection coverage up to multiple times their month to month compensation or ?6 lacs, whichever of them is lower.
The employer having EPF Registration must regularly pay his contribution to the EPF account of the employee.
Know in detail about this EPF life cover scheme.
Related Articles -
epf registration, Indian government Employees provident fund scheme,