Government scheme for getting life cover after retirement

The Employees' Provident Fund (EPF) is a retirement advantage government scheme that gives monetary inclusion to the specialists (EPF account holders) after retirement.

Anyway, do you understand that the EPF administers also gives life inclusion to the specialists?

Subsequently, let us ponder this part of the EPF plan.

Life Coverage for EPF Account Holders

Genuinely, all EPF Account Holders can get free life cover u/s 17(2a) of the Employees' Deposit Linked Insurance Scheme (EDLI) 1976 rules when his EPF account gets opened.

The sum Life Coverage for EPF Account Holders?

The EPF account holders are equipped for life security inclusion up to different times their month to month remuneration or ?6 lacs, whichever of them is lower.

The business having EPF Registration should routinely pay his commitment to the EPF record of the worker.

Know exhaustively about this EPF life cover conspire.