The Employees’ Provident Fund Organisation (EPFO) has posted a new video on X (formerly Twitter) on changes made under the Employees’ Deposit Linked Insurance Scheme (EDLI) scheme.
The central board of trustees had said that if there is a gap of up to two months between two different EPF membership periods, it will still be considered as continuous service
The Employees’ Provident Fund Organisation (EPFO) has posted a new video on X (formerly Twitter) on changes made under the Employees’ Deposit Linked Insurance Scheme (EDLI) scheme.
EDLI is a beneficial insurance scheme that every EPF member automatically becomes a part of. That means anyone who is a member of the EPF scheme is also included in this insurance scheme without making any extra contribution.
Under this scheme, in the unfortunate event of a member’s death, their family receives a lump sum insurance amount. This amount depends on the duration of the member’s service and the balance in their EPF account. The maximum benefit under this scheme can go up to Rs 7 lakh.
Changes Made To EDLI Scheme
EPFO has made some changes to the EDLI scheme following the approval in the 237th meeting of the Central Board of Trustees (CBT). These changes have made the scheme even more beneficial for the subscribers.
Previously, if a member did not have one year of continuous EPF membership, they received only a minimal benefit under the scheme, as there was no provision for a minimum assured amount. However, under the new provisions, even members with less than one year of service will receive an assured benefit of up to Rs 2.5 lakh.
The second change is that if the member has not contributed to EPF in the six months prior to their death, and their employer has not filed their name in the Electronic Challan-cum-Return (ECR), they will still be eligible for the benefit—provided that the employer has not entered the date of exit before the date of death.
The third and final change approved by the CBT is that if there is a gap of up to two months between two different EPF membership periods, it will still be considered as continuous service. This means the member will still be eligible for the scheme benefit, and the two service periods can be combined.
In another post, the EPFO has said that the portal to claim Unified Pension Scheme (UPS) benefits by National Pension System (NPS) subscribers who retired on or before March 31, 2025 is now live.
Recently, the EPFO has also substantially simplified the procedure for transferring Provident Fund (PF) accounts for EPF members who change jobs. Other key changes have also been made to the EDLI scheme recently.