Ceiling on Employee Insurance benefit enhanced by PF organisation
This is to bring to your notice that the Employees Provident Fund Organisation (EPFO) has raised the ceiling of Insurance Benefit under Employees Deposit Linked Insurance (EDLI) Scheme from the current Rs. 1,00,000/- to Rs. 1,30,000/-.
Same has been was published in Economic Times dated 22.01.2011, copy of which is attached here below for reference.
Note: Those who want to know whether they are covered under this scheme, it’s simple to find out. If you are covered under Provident Fund Scheme, your employer would be remitting a sum of 0.5% of your basic salary (subject to a ceiling of 6,500) towards this Insurance benefit every month.