EPFO made changes in EDLI scheme to ensure minimum insurance benefit of ₹ 50,000 to the family, implemented in UP.

Employees Provident Fund Organization (EPFO) Employee Deposit Linked Insurance (EDLI) Scheme Important changes have been made in the rules of pension, due to which now the families of employees Minimum insurance benefit of ₹50,000 Will definitely get it. This change has been made on the recommendation of the Ministry of Labor and Employment so that after the demise of the employees, their nominee/family Financial security and simple process So to receive.

What is EDLI scheme?

EDLI scheme is a life insurance coverage run by EPFO, which Death of employee working in organized sector while on the job when it happens Nominee or legal heir Provides one-time financial assistance to. Generally this amount is based on the average salary and PF balance of the employee and can range from ₹2.5 lakh to ₹7 lakh.

Main changes of new rules

1. Minimum sum insured fixed at ₹50,000
   Now if an employee dies Without completing 12 months continuous service becomes PF, or the balance in his PF account is less than ₹ 50,000, even then his family At least ₹50,000 Will get insurance benefit of Rs. Earlier, in such a situation the basic amount was not available.

2. Recognition of small service gap
   Now 2 months (60 days) Service gap of up to 100,000, such as holidays or weekend breaks when changing jobs, will not be considered a break in service And for the benefit of EDLI continuous service Will be counted as. This will reduce the chances of the claim being rejected.

3. Holidays and weekend breaks do not stop claims
   EPFO has clarified that Saturday, Sunday, National/State Holidays and other declared holidays For EDLI benefits break in service Will not be considered, unless there is a difference in job due to these reasons alone.

4. Non-contributory period included
   If an employee dies Within six months of last PF fee contribution Even if the person is on the rolls of the company, the benefit will be given.

Why the change?

small in old rules Job gap, holidays or technical reasons Many heirs were deprived of EDLI benefits, especially in cases where the employee changed jobs. period of continuous service Was not shown. The new rules remove these difficulties and simplify the claim process.

Who will get the benefit?

• All employees registered with EPFO, who contribute during their employment.
• If death while on the job And Within 6 months of PF contribution it occurs.
• Claim will be valid even after small service gap.

What will be getting?

, Minimum ₹50,000 Payment, even if PF balance is low.
• The actual amount can be up to ₹2.5 lakh or more depending on the average salary and PF balance of the employee.