Center announces financial support, other benefits to families losing earning member to COVID - key highlights - Family Pension under ESIC and EPFO- Employees’ Deposit Linked Insurance Scheme will provide a financial cushion to those families.
Fact Check: EDLI benefits are applicable for all employees, irrespective of cause of death
Fact Check: EDLI benefits are applicable for all employees, irrespective of cause of death
Some netizens are claiming that nominees/legal heirs of private firm employees who succumbed to coronavirus may be eligible to receive up to Rs 7 lakh under the Employees Deposit Linked Insurance (EDLI) scheme.
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UPDATED: May 24, 2021 21:36 IST
The life insurance policy in question covers the nominees of every employee, irrespective of the cause of death.
Amid the growing number of deaths due to Covid-19, some netizens are claiming that nominees/legal heirs of private firm employees who succumbed to coronavirus may be eligible to receive up to Rs 7 lakh under the Employees Deposit Linked Insurance (EDLI) scheme.
How the EPFO can improve as India’s largest social security provider
EPFO needs to reform itself on three broad counts: design, governance, and management information systems January 22, 2021 / 06:18 PM IST
There is a widespread consensus, supported by evidence, that the EPFO (Employees’ Provident Fund Organization) has not met its objectives. It has not adapted to the changing economy and aspirations of members.
EPFO administers the EPF (Employees’ Provident fund), Employees’ Pension Scheme (EPS) and EDLI (Employees Deposit Linked Insurance Scheme)
, an insurance cover provided to its members. Managing these three schemes requires different skills, with EPS and EDLI needing robust actuarial skills.