EPFO raises death insurance cover to Rs 7 lakh for subscribers of EDLI scheme, check how to claim death insurance

The Employees’ Provident Fund Organisation raised the death insurance benefits for subscribers of its employees’ deposit-linked Insurance scheme amid the coronavirus pandemic in the country. The benefit payable under the EDLI Scheme shall be extended to such beneficiaries where the deceased employee was a member of the Fund or a provider fund exempted under Section 17 of the EPF & MP Act aid was in employment for a continuous period of 12 months preceding the month in which he died, irrespective of change of establishment during the said period. In case of the unfortunate death of a member, the family gets insurance of up to 7 lakhs under the EDLI scheme and monthly widow/child/orphan pension under the EPS scheme. If there is no employer or the signature of the employer cannot be obtained, the form must be attested by any of the following: Local MP or MLA Gazetted Officer Magistrate Member/Chairman/Secretary of the Local Municipal Board Member of the regional committee of EPF or CBT Since so many people are dying during the second Covid-19 wave, this insurance benefit can be of great help to the deceased person’s family.