Diabytes
EDLI News
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EDLI is provided by the Employees’ Provident Fund Organization.
It covers EPF members with insurance coverage.
Nominees can receive up to Rs 7 lakh.
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Retirement fund body EPFO's subscribers will get loyalty-cum-life benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme for 20 years or more.
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This directive will facilitate employers to buy group insurance schemes for their workers from insurance companies at a price lower than 0.5 percent of wages as required under EDLI.
The much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO will be implemented from September 1.
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