Now despite being on unpaid leave, you will get free insurance up to Rs 7 lakh, EPFO ​​issued circular


EPFO Rules For Employees 2022: If you are a central employee and a member of Employees Provident Fund Organization (EPFO), then this news can prove to be of great help to you. Under the Employees Deposit Linked Insurance (EDLI) scheme, subscribers are given free insurance up to Rs 7 lakh. The purpose of this scheme is to provide financial security to the family member after the death of the PF account holder.

What did EPFO ​​say
Let us tell you that for the benefit under this scheme, EPFO ​​has clearly stated that all those account holders of Provident Fund (PF) or Employees Provident Fund (EPF) are eligible for benefits under Employees Deposit Linked Insurance (EDLI) scheme. when they are on leave without pay/unpaid leave (LWP) during death.

what is the rule
EPFO says that if an account holder is on leave without pay (LWP) on the day of death and his monthly EPF or PF (EPF and PF) contribution is not coming in his provident fund account, he is still entitled to take benefits of this scheme. Is. Let us tell you that just the EPFO ​​member should be in the muster roll of the institution on the day of death and should fulfill other conditions to claim the assured benefit.

Here are the conditions
The EPFO ​​has issued a circular stating that if a staff member was on leave without pay (resulting in no contribution being payable by the employer) or was absent for any other reason and died during the period, the assurance The benefit is admissible given the fact that the employer had not paid any contribution but was in the muster roll of the company on the day of his death and satisfied the prescribed conditions.

EPFO received complaints
EPFO says that EPFO ​​has received many complaints regarding this. The office rejected the claims stating that the PF contribution was not received during the last few days and hence EDLI benefits would not be available.

Verification in 7 days
Instructing not to harass the family members of the deceased PF account holder, EPFO ​​said that proper verification should be done within 7 days. Also all the family members should not be harassed.

read this also-

Diwali Sale 2022: Want tremendous discount on online shopping, then shop on Flipkart and Amazon! till 23 october

,



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *