Provident Fund(PF) Insurance amount hiked to Rs. 6 lakh Wednesday Sep 16,2015

A meeting of the Central Board of Trustees of Employees Provident Fund Organisation (EPFO)on Wednesday Sep 16,2015 decided to enhance the insurance benefit payable to dependents of the members of the Employees’ Provident Fund from the present Rs. 3.60 lakh to 6 lakh.

The move under the Employees Deposit Linked Insurance Scheme, 1976, will benefit four crore EPF contributing members.

The money will be paid to dependents on the death of subscribers to the scheme.