Good news for EPF subscribers! The Employees' Provident Fund Organization (EPFO) has introduced a major benefit – all PF account holders will now get Rs 7 lakh insurance for free under the Employees' Deposit Linked Insurance (EDLI) scheme.
What is the EDLI Scheme?
The EDLI (Employees' Deposit Linked Insurance) scheme is a life insurance benefit provided to EPF members. In case of the PF account holder's death during employment, their family will receive a lump sum insurance amount of up to Rs 7 lakh.
Key Features of the EDLI Scheme 2025
- Automatic Coverage – All active EPF members are automatically eligible.
- No Extra Cost – Employees do not need to pay for this benefit.
- Max Insurance Amount: Rs 7 Lakh – Based on the last 12 months' salary.
- Minimum Insurance Amount: Rs 2.5 Lakh.
- Applicable to Private and Government Employees.
EPF Interest Rate 2025: Latest Updates
The latest EPF interest rate for 2024-25 is yet to be announced. However, for 2023-24, the EPF interest rate was 8.15%. The new interest rate will be declared soon by the EPFO Central Board of Trustees (CBT).
Who Can Claim EDLI Insurance?
If a PF account holder passes away during employment, their legal nominee or family (spouse, children, or dependent parents) can claim this insurance amount.
How to Claim Rs 7 Lakh EDLI Insurance?
- Fill Form 5 IF (EDLI claim form).
- Attach death certificate, Aadhaar, bank details, and nominee ID proof.
- Submit the form to the employer or regional EPFO office.
- The claim is processed within 30 days.
EPFO 2025 Latest Updates & News
For the latest updates on EPFO, EDLI scheme, and EPF interest rates, stay connected with official EPFO announcements and news portals.
Final Thoughts
The new EPFO 7 lakh insurance benefit under EDLI 2025 is a major financial security step for employees and their families. Make sure your nominee details are updated in your EPF account to ensure a smooth claim process.
Keep yourself informed about the latest EPFO updates by regularly checking the official EPFO website and reliable news sources. Staying informed will ensure you don't miss out on any important benefits.
Disclaimer: This blog is for informational purposes only. For official details, please visit the EPFO website.
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