Jidesh Kumar Highlights Extension of EPFO Insurance Benefits to ₹7 Lakh in Business Standard Article

In a recent article published by Business Standard, Jidesh Kumar emphasized the significance of extending insurance benefits under the Employees’ Deposit Linked Insurance (EDLI) Scheme. Initially capped at ₹6 lakh, the benefits were raised to ₹7 lakh in 2021 for a three-year period. The current extension ensures these enhanced benefits remain available to Employees’ Provident Fund Organization (EPFO) members beyond the original timeframe.

Jidesh Kumar stated, “The EDLI scheme, designed to provide financial assistance to the families of deceased EPFO members, initially capped benefits at ₹6 lakh. However, in 2021, the cap was raised to ₹7 lakh for a period of three years. The current extension ensures the continued applicability of these enhanced benefits beyond the original expiration date.”Read more: https://www.business-standard.com/finance/personal-finance/insurance-benefits-for-epfo-members-extended-up-to-rs-7-lakh-124101800748_1.html