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You have very limited choice as to who gets your EPF, EPS, EDLI in case you die


You have very limited choice as to who gets your EPF, EPS, EDLI in case you die
Concept by Muhabit ul haq
Synopsis
If you will your EPF and EDLI money to anyone other than the defined family members, then the nomination made in the scheme would override the beneficiary mentioned in the will. Similarly, EPS cannot be bequeathed via a will.
Most salaried individuals have Employees Provident Fund (EPF) and Employees Pension Scheme (EPS) (provided certain conditions are satisfied) accounts. Along with EPF, an individual is also covered under Employees Deposit Linked Insurance (EDLI). Nomination in EPF, EDLI and EPS accounts are governed by the Employees Provident Fund & Miscellaneous Provisions Act, 1952. Under the Act, an EPF member can nominate only those people who are defined ....

Employee Provident Fund Miscellaneous Provisions , Employee Provident Fund , Employee Pension Scheme , Employee Deposit Linked Insurance , Miscellaneous Provisions Act , ஊழியர் வருங்கால நிதி இதர விதிகள் , ஊழியர் வருங்கால நிதி , ஊழியர் ஓய்வூதியம் திட்டம் , ஊழியர் வைப்பு இணைக்கப்பட்டுள்ளது காப்பீடு , இதர விதிகள் நாடகம் ,