Government Scheme: If you are also employed and your PF is deducted, then you have a
chance to get the benefit of Rs 7 lakh. In fact, many types of facilities are given to the
employed people by the Employees’ Provident Fund Organization (EPFO).
The Employees’ Provident Fund Organization has appealed to its account holders to get e-nomination done at the earliest. If you do not do this, then you may lose Rs 7 lakh. For this, you have to fill a cable form, after which you can also take advantage of this scheme. The special thing is that this facility is Available to the customers for free. No contribution is required for this.
According to the information provided by the EPFO, ‘All the subscribers of the EPF 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.
Let us tell you that if the member dies without any nomination, then it becomes difficult to process the claim. Let us know how you can fill the nomination details through online