COVID-19 Forces EPFO to Hike Maximum Assured for EDLI Scheme

The COVID-19 pandemic is wreaking havoc across India. The country is currently battling the second wave of the pandemic with a steep increase in the cases of coronavirus and the resultant deaths. One of the biggest reason for the rising fatalities is the burdened medical infrastructure and increased demand for oxygen supply. A large population of the salaried class people has also lost their lives due to COVID-19 leaving families with no source of income. To help the families of the private sector employees who have lost lives to coronavirus, the Employees Provident Fund Organization (EPFO) has increased the maximum sum assured available under the EDLI scheme to Rs 7 lakh with immediate effect.

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