News From Press EPFO gets govt approval to double insurance for subscribers to Rs 6 lakh

EPFO gets govt approval to double insurance for subscribers to Rs 6 lakh

Source: First Post May 27, 2016

Government has finally enforced the decision of retirement fund body EPFO to almost double the maximum sum assured under its insurance scheme to Rs 6 lakh for its 4 crore subscribers.

In September, Employee Provident Fund Organisation's apex decision making body Central Board of Trustees (CBT) had decided to increase benefits under the Employees' Deposit Linked Insurance ( EDLI) scheme from Rs 3.6 lakh to Rs 6 lakh.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report

Simplify investing: Allocate bulk of core portfolio to broad index fund

Sensex tops 80,000 level for the first time, what should be MF investors strategy?

Mutual Funds: What are passive funds and how do they simplify equity investing?

How does inflation affect your savings & investments?

Lights, Camera, Finance: 4 must-watch movies for money lessons

Crisil explains how small, medium REITs will broaden realty investor base

Quant Mutual Fund crisis is another lesson in diversification.

Insurance firms eye tax reliefs in upcoming Budget to boost penetration

Don't want to play the price game: Aditya Birla Health Insurance CEO

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

1 Comment

C R Gopinathan Nair · 8 years ago `

May I know how the insurance cover is calculated

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS