Do you have a PF account? But you must know these things. Have a PF account .. You need to know if PF money is being deducted from your salary every month. Such people are getting free insurance benefit up to Rs 7 lakh. If you go into full details for this ..
You need to know this if PF money is being deducted from your salary every month . You can definitely get an insurance benefit of up to Rs 7 lakh for free. Plus, you’ll be getting rid of clutter you don’t need.
Employee Deposit Linked Insurance Scheme Under EDLI Insurance Scheme, you can get insurance up to Rs. 7 lakhs. If there is no nominee then the money will go to the partner or the children. Even if you die with Corona.
If PF subscribers die due to accident or illness, their families will get this PF insurance money. Basic Salary, DAN gets 35 times this insurance. Also get up to a maximum of Rs 1.75 lakh under the bonus.
However, in the past, the maximum insurance cover was Rs 6 lakh. The center has recently increased the insurance coverage so it is now coming up to Rs 7 lakh.
If the basic and DA is Rs 15,000 then you can get Rs 5.25 lakh under insurance and Rs 1.75 lakh as bonus up to a total of Rs 7 lakh.