EPFO EDLI Scheme Benefits: The Union Ministry of Labor and Employment has relaxed the EDLI scheme and said that if an employee dies during the job, then the family will be given an insurance of Rs 50,000. Whether the employee has money in his account or not, his family will still get this benefit.
EPFO EDLI Scheme: Whether there is money in your EPFO account or not, your nominee will still get Rs 50,000. Yes, this is true. Actually, EPFO (Employees Provident Fund Organization) is going to make necessary changes in EDLI (Employee Deposit Linked Insurance). Under which the earlier conditions in this scheme will end. This change in EPFO (EPFO benefits 2025) will directly benefit lakhs of employees and their families. Now the question is, what is EDLI scheme and who will get the benefit under it?
What is EDLI scheme? What is EDLI: Employee Deposit Linked Insurance is an important scheme of EPFO, under which the nominee of the employee gets the benefit of insurance in case of death during the job. In this, the family of the employee or the nominee gets the benefit of a lump sum amount. Under this, the employee does not have to pay any additional money from his side. The EDLI scheme provides life insurance coverage of Rs 2.5 lakh to Rs 7 lakh to the employee.
What did the Ministry of Labor and Employment say?
EDLI benefit without balance: The Union Ministry of Labor and Employment has relaxed the EDLI scheme and said that if an employee dies during the job, the family will be given an insurance of Rs 50,000. Whether the employee has money in his account or not, his family will still get this benefit.
Families will also get this benefit
According to the new rule, if an employee dies during duty, his nominee will also get a compensation of Rs 50,000. Till now the rule was that for this benefit, the employee should have at least 50 thousand rupees in his account, only then he would get the benefit of insurance.
The Central Ministry of Labor and Employment says that any employee who is a member of EPFO, and dies within six months of the last salary deduction, his nominee can still avail the benefit of insurance.
Now there is no 60-day gap break
An important and big change has been made in the scheme. According to this, if there is a gap of 60 days between two jobs of an employee, then it will no longer be considered a break. In simple words, if you have done many jobs and there is a break of 60 days i.e. two months between any of those jobs, then all the jobs will be considered as the same service by combining them. In which the employees will be able to avail the full benefit of insurance.
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