Family of deceased members of PF to receive Rs. 7 lakhs as insurance benefit under EDLI

• The minimum assurance benefit  payable under the scheme has been fixed as Rs. 2.50 lakhs w.e.f. 15.02.2020

• The beieft payable under EDLI Scheme shall be extended to such beneficiaries where the deceased employee was a member of the Fund or a provident fund exempted under section 17 of the EPF & MP Act and 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.

The above provisions shall remain effective for three years

• Under EDLI Scheme, the power to grant exemption to a class of employees from the provisions of the scheme has been delegated to ACC(Zone).

• The monetary fine payable under paragraph 29 of EDLI Scheme has been enhanced to Rs. 25,000.

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