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EDLI INSURANCE COVER
EPF wage ceiling of Rs 25,000 comes into effect today: How it may impact your EPF contributions, EPS and EDLI payoutsThe Employees Provident Fund Organisation has introduced a new wage ceiling of Rs 25,000, which will directly influence the contributions m...
Will this EPF insurance limit rise to Rs 10.50 lakh after EPF wage ceiling hike to Rs 25,000?The government has approved raising the EPF wage ceiling to Rs 25,000. This change will significantly increase the Employees’ Deposit Linke...
EPFO wage ceiling raised to Rs 25000 per month; over 10 million formal sector workers to benefitThe enhanced wage ceiling, approved by the Cabinet on Wednesday, will put additional financial burden on employees and the government while...
Cabinet raises EPFO wage ceiling to Rs 25,000 from Rs 15,000The government has increased the provident fund wage ceiling to Rs 25,000 monthly. This significant move aims to expand social security cov...
Finance Ministry asks state-owned general insurers to focus on profitable lines of businessPublic sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation a...
RBI appoints Suman Ray as Executive Director, to head DICGC and Premises DepartmentSuman Ray will assume the role of Executive Director at the Reserve Bank of India. His appointment is effective from September 1, 2026, as ...
In 1969, Apollo 11 astronauts, Neil Armstrong, Buzz Aldrin and Michael Collins, headed to the Moon without a traditional life insuranceIn 1969, Apollo 11 astronauts, Neil Armstrong, Buzz Aldrin and Michael Collins, headed to the Moon without traditional life insurance. NASA...
From gold and LIC policy to SIPs and crypto: How investment habits changed from Boomers to Millennials to Gen ZModern Indians are redefining investment strategies; rather than saving first, the youth now prioritise their financial goals before choosi...
EPF vs mutual funds: Which is better for retirement? EPFO compares returns, tax, pension benefits and riskThe Employees Provident Fund offers retirement security and employer contributions. Mutual funds are voluntary investments with market-link...
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when neededEmployees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This ...
Up to Rs 7 lakh insurance cover for every salaried employee: How family of deceased EPFO member can claim this EDLI cover amountThe Employees’ Deposit Linked Insurance (EDLI) Scheme offers lump sum death benefits to private sector employees, ranging from Rs 2.5 lakh ...
Enhanced insurance benefits for EPFO members extended retrospectively from April 28Union Labour Minister Mansukh Mandaviya announced the extension of enhanced insurance benefits under the Employees' Deposit Linked Insuranc...
EDLI: How to make insurance claim under Employees’ Deposit Linked Insurance Scheme, documents neededEDLI works in tandem with the EPF and the Employees' Pension Scheme (EPS). If an accident occurs during the individual's active service tim...
What is Employees' Deposit Linked Insurance Scheme?The registered nominee of the EDLI scheme receives a lump-sum payment in the event of the death of the EPF member, during the period of the...
Spike in data breaches sends firms scrambling for cybersecurity coverThe sum insured varies according to sector and region of operation, size of organization, size and type of data they store and the extent o...
Edelweiss launches driver-based motor insurance: Now you can switch on your policy when neededEdelweiss SWITCH has been developed with the specific needs of today’s customer in mind, where you may not use your vehicle regularly or ma...
Govt hikes minimum life insurance for EPF-covered employees from Feb 15, 2018Under the EDLI scheme, 1976, the assurance benefit to an eligible employee will now stand at a minimum of Rs 2.5 lakh and will be capped at...
EPFO to provide 3-year life cover to subscribers after job loss"The maximum sum assured under the Employees' Deposit Linked Scheme (EDLI) will soon be enhanced to Rs 6 lakh this month," the source said.
EPFO mulls medical benefits for its pensionersIt was suggested that the surplus in Employees' Deposit Linked Insurance scheme could be used for extending medical benefits through ESIC.
EPFO permits firms to opt for pvt cos' group insurance coverFirms can now ensure higher group insurance of Rs 1.32 lakh for each employee by opting for the Edelweiss Tokio Life-Group Life Protection ...