Employees Provident Fund Organisation has clarified that it has increased the death insurance claim amount by Rs 1 lakh. Accordingly, now the overall maximum death insurance benefits of Rs 7 lakh under the Employees’ Deposit Linked Insurance (EPLI) will be paid.
Further, the maximum sum has been increased to Rs 2.5 lakh. These new limits are in effect for three years from 28thApril, 2021.
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