It has often been seen that due to non-filling of the nomination form of the PF subscriber, they face difficulty in taking insurance or other benefits. If the account holder dies due to any reason, then he has to make rounds of the provident fund offices. There is also a problem in completing all the documentation process.
The Central Provident Fund Organization (EPFO) has made e-nomination mandatory for account holders. If the PF account holders make e-nomination, then the immediate benefit of the Employees Deposit Linked Insurance Scheme will be available on the death of the subscriber. For this, the nominees will not have to face any kind of hassle later. Also, at the time of retirement, the benefit of pension will be easily available to the subscriber. They will get rid of the hassle of going to the Provident Fund office and completing all the documentation process.
In a statement from the Central Provident Fund Organization, it has been said that if the subscribers make nominations online, then they will not have to bother to get NOC later. A circular has also been issued by EPFO to all the regional offices in this regard. In this, all the subscribers will have to login to the EPFO’s member portal and fill or update the information of the nominees through the manage page.
Through e-nomination, account holder members can also make changes in the nominees. The biggest advantage of this will be that for e-nomination, the subscribers will be able to do the verification themselves. There will be no need to run around. EPFO gives the benefit of life insurance up to Rs 7 lakh to the family of the employee on the death of the subscriber. In such a situation, if the details of the nomination are completed, then there is no problem of any kind later. Get the benefit of Employees Deposit Linked Insurance Scheme immediately.
It has often been seen that due to non-filling of the nomination form of the PF subscriber, they face difficulty in taking insurance or other benefits. If the account holder dies due to any reason, then he has to make rounds of the provident fund offices. There is also a problem in completing all the documentation process.
