EPFO: Benefit of Rs. 7,00,000 if EPF account holders do so ..!

Do you have an Employees Provident Fund Account? Must know about Employees Deposit Linked Insurance-EDLI Scheme among the benefits offered by EPFO.

Going into the full details for that .. Through this scheme, the employees will get a benefit of Rs. 7,00,000 per family.

However it is an insurance scheme. All employees with EPF account will be covered under this scheme. Employees are covered by an insurance cover of Rs. 7,00,000 through this scheme. So if they die while maintaining the EPF account, their family members will get insurance of Rs 7,00,000. Note, however, that employees need to file an e-nomination to get insurance up to Rs 7,00,000. If you see how to file ..

• First open the EPFO ​​portal and click on Services.
• Click on the For Employees section. The Member UAN / Online Service option opens.
• Here employees need to enter UAN, password, captcha code. Then click on the Manage tab.
• Select E-Nomination and enter the details.
• Click Add Family Details and enter names and other details. (One or more names can be entered).
• Finally click on Save EPF Nomination. Click on the E-sign option on the next page. One time password will be generated. OTP comes to the mobile number linked to your Aadhaar card.Enter the OTP and complete the e-nomination process