PF account holders News
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EPFO New Rule Update: In its 237th meeting, EPFO announced key changes to the Employees' Deposit Linked Insurance (EDLI) scheme. These updates will simplify the death claim process and increase insurance benefits, helping thousands of families every year.
The EDLI scheme, introduced by the Government of India in 1976, provides life insurance to employees enrolled in the EPF scheme, ensuring financial support for their families in case of an untimely demise.
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The deadline for adding the nominee is December 31, 2021.
Failure to add a nominee to your PF account by the necessary date can result in a variety of problems, including the loss of benefits such as insurance money and pension.
The nomination is intended to give protection to the dependents of PF account holders.
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