The entire benefit of Rs 7 lakh is being given to the account holders by EPFO. If you are also EPFO Subscribers, then let me tell you how you can take advantage of it.
New Delhi: If you also do a job then this is important news for you. Many types of facilities are given to the employed people by EPFO, but now you are being given the benefit of full 7 lakh rupees by EPFO. If you are also EPFO Subscribers, then let me tell you how you can take advantage of it. For this, you only have to fill a form, only after which it can be taken advantage of.
Let us tell you that in addition to PF and pension, Employees Provident Fund Organization (EPFO) 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 EPF subscribers 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 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 7 lakh rupees in the form of free insurance on all EPF accounts under the Employees Deposit Linked Insurance Scheme, 1976 (EDLI).
In this way you can also do e-nomination-
>> You have to first go to the official website of EPFO https://www.epfindia.gov.in/.
>> Here you have to first click on ‘Services’ option.
>> After this you have to click on ‘For Employees’ here.
>> Now click on ‘Member UAN/Online Service (OCS/OTCP)’.
>> Now log in by entering UAN and Password.
>> After that select ‘e-Nomination’ in the ‘Manage’ tab.
>> After this the ‘Provide Details’ tab will appear on the screen, click on ‘Save’.
>> Click on ‘Nomination Details’ to announce how much amount will come in the share of which nominee. After entering the details, click on ‘Save >> EPF Nomination’.
>> Click on ‘e-Sign’ to generate OTP. OTP will be sent to the mobile number linked with Aadhaar.
>> Enter the OTP in the specified space and click on submit.
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