EPFO has advised its subscribers to do e-nomination before 31st March. If you do not do this, then you may lose 7 lakhs.
If you are also employed, then you have a chance to get a bumper benefit of Rs 7 lakh. Many types of facilities are provided by EPFO to the employed people. Under this, now EPFO is giving you the benefit of full 7 lakh rupees.
If you are EPFO Subscribers then you can easily take advantage of this. Otherwise, your PF money may get stuck. If you do not do this work, then after March 31, you will not be able to check the PF passbook online.
Employees’ Provident Fund Organization (EPFO) has advised its subscribers to do e-nomination before 31st March. If you do not do this, then you may have a loss of 7 lakhs. For this you have to fill only a form, only after which the benefit can be taken. Let us know its complete process.
Apart from pension, the benefit of life insurance also
Apart from PF and pension, the Employees’ Provident Fund Organization (EPFO) also gives the benefit of life insurance to its members, under which you get the benefit of Rs 7 lakh. The special thing is that this facility is available to the customers for free. No contribution is required for this.
EPFO tweeted
EPFO had given information about this by tweeting on its official Twitter handle. EPFO wrote in a tweet that all the subscribers of EPF are covered under the Employees’ Deposit Linked Insurance Scheme, 1976 (EDLI).
Under the EDLI scheme, free insurance cover of up to Rs 7 lakh is available on every EPF account. Explain that if the member dies without any nomination, then it becomes difficult to process the claim. Let us know how you can fill the nomination details through online medium.
Benefits available under EDLI
Let us tell you that all the subscribers of EPF are given the benefit of full Rs 7 lakh as free insurance on all EPF accounts under the Employees Deposit Linked Insurance Scheme, 1976 (EDLI).
