NEW DELHI : Amid the second wave of the covid-1pandemic, labour ministry run employees’ provident fund organization (EPFO) has increased the death insurance benefit for its insurance subscribers.In a gazette notification, the social security body that serves at least 50 million active subscribers, says while the minimum insurance has been increased to Rs250,000 and the maximum limit has been increased to Rs700,000.The lower limit earlier was Rs200,000 and upper limit was Rs600,000.The provision is applicable to the subscribers of the employees’ deposit linked insurance scheme under the EPFO.

In case of the death of these subscribers while working, the death benefit is given to the family of the deceased subscriber.

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Amid a second wave of covid, EPFO increases death insurance benefits

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