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PF member deceased dependents to get 7 lakh under EDLI Scheme

The labour ministry has implemented a decision of EPFO's trustees to hike the maximum sum assured payable under the Employees' Deposit Linked Insurance Scheme, 1976 to Rs 7 lakh from the existing Rs 6 lakh.

The Employees Provident Fund Organisation's (EPFO) Central Board of Trustees (CBT) had decided to hike the maximum sum assured under the EDLI scheme to Rs 7 lakh on September 9, 2020.The CBT had also decided to continue payment of minimum sum assured of Rs 2.5 lakh under the scheme beyond February 14, 2020.