Life Cover of Rs.6.5 Lakhs Under EPFO (Employees Provident Fund Organization)
According to Economic Times,
Employees in the organised sector could get free insurance cover of up to Rs 6.5 lakh from next financial year under a scheme run by the government’s retirement funds manager.
The Employees’ Provident Fund Organisation (EPFO) will consider raising the cover under its deposit-linked insurance scheme to 100 times the basic salary in a review early next year.
Currently, the scheme offers free life insurance of 20 times an employee’s basic pay with a ceiling of Rs 6,500.
EPFO (Employees Provident Fund Organisation) is a really good organization for employees of India and this will be a good move.
In the future, you may get a life cover of up to Rs.6.5 lakhs under EPFO.
EPFO is for the benefits of the Employees working in various sectors and companies of India.
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