Labour Min hikes maximum sum assured payable under EDLI scheme to Rs 7 lakh
SECTIONS
Last Updated: Apr 29, 2021, 08:44 PM IST
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Synopsis
The Employees Provident Fund Organisation's (EPFO) Central Board of Trustees (CBT), headed by Labour Minister Santosh Gangwar, had decided to hike the maximum sum assured under the EDLI scheme to Rs 7 lakh at its virtual meeting held on September 9, 2020.
PTI
The labour ministry has implemented a decision of retirement fund body EPFO's trustees to hike the maximum sum assured payable under the Employees' Deposit Linked Insurance Scheme, 1976 to Rs 7 lakh from the existing Rs 6 lakh.
The Employees Provident Fund Organisation's (EPFO) Central Board of Trustees (CBT), headed by Labour Minister Santosh Gangwar, had decided to hike the maximum sum assured under the EDLI scheme to Rs 7 lakh at its virtual meeting held on September 9, 2020.