![]() ![]() The Ministry had increased the minimum amount of benefit to Rs.2.5 lakh on Feb 2018. With effect from, the EPFO has increased the maximum benefit to Rs.7 lakh for the registered nominees of the deceased member. To extend the benefits of life insurance to private sector employees, the government has introduced the Employees Deposit Linked Insurance Scheme (EDLI) in 1976. ![]() This is especially important for private-sector employees who do not enjoy the same social security benefits as public sector employees. Uncertainties of life in the modern world have made getting adequate insurance cover imperative for every individual.
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