EPF Insurance Death Claim: If you do a job and are a member of the Employees Provident Fund Organization, then it is important for you to know this because EPFO gives Rs 7 lakh to your family under special circumstances.
EDLI Scheme: There are many such schemes of the government, about which people do not know and due to lack of information about the scheme, even the eligible people are not able to take advantage of it. If you do a job and are a member of the Employees Provident Fund Organization (EPFO), then you must know that you are insured by EPFO. When do you get this insurance? We will tell you about this also. You have to do one important work on the EPFO portal, you should do that too on time.
E-nomination became mandatory
Employees’ Provident Fund Organization (EPFO) has made e-nomination mandatory for its account holders. If you do not do e-nomination, then you will not get any facility on the PF portal. Let us tell you that by keeping the nominee updated, the family of the account holder gets social security. For this, EPFO had issued alerts many times earlier also.
what to update
EPFO had issued alerts several times to its account holders to update the nominee. To update the nominee, you have to enter information like name, date of birth of the nominee. It has been told by the organization that the account holder should update the nominee as soon as possible. If the nominee is not updated, then later the family members of the member may have to face problems because on the death of the account holder, the nominee or family members are helped to withdraw money related to PF, pension. If you keep the nominee updated then you can also claim online.
EPFO will give Rs 7 lakh
Let us tell you that the insurance of the member is also done by the EPFO. Under this, on the death of the member, an insurance cover of Rs 7 lakh is paid to the family members of the member. In such a situation, if you do not keep the nominee updated, then the family members may face difficulties in getting this insurance.
