Posted by & filed under Provident Fund Benefits.

The Government of India has finally implemented the decision of increasing the maximum sum limit assured under insurance scheme of retirement fund body Employee Provident Fund Organisation, popularly termed as EPFO, to 6 lakh rupees. This would almost double the maximum sum for its 4 crore subscribers.
The decision was, however, taken long back in September by the apex decision-making body Central Board of Trustees (CBT) of EPFO. The decision was to increase the benefits from 3.6 lakh rupees to 6 lakh rupees under the Employees’ Deposit Linked Insurance (EDLI). But the decision was not enforced by the Labour Ministry of India, as the decision was stuck with the Indian Lay Ministry for getting an approval.
Necessary Gazetted copy click below

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.