New rules for EPFO’s Edli Death Benefits: What Changes For Families – CNBC TV18

The Provident Fund Organization (EPFO) of the employees has recently introduced significant changes in the Deposit Linked Insurance (EDLI) scheme of the employees, which provide better financial security to the families of the deceased EPF members.

The purpose of the update is to expand coverage and increase payment.

Major changes in Edli Death Benefits

Coverage for death of non-odd period

Earlier, if an EPF member died after a non-solution period, his family often lost eligibility for profit.

Under the new rules, families can now claim EDLI benefits, even if the deceased has a non-yogan period before passing.

This change recognizes the continuity of employment and ensures financial relief.

Employment intervals no longer disqualify families

Prior to this, even a small job transition difference, such as weekend or holiday, may disqualify families from gaining benefits.

The new rule considers a break of up to two months as a continuous service.

This ensures that in case of death, families get a minimum of 2.5 lakh EDLI benefits and a profit of up to ₹ 7 lakh.

More families will benefit

The EPFO ​​estimates that more than 14,000 families will now qualify for Edli payouts annually.

The EPFO ​​emphasized that these changes strengthen the government’s commitment to employee welfare.

In a separate update, the Central Board of Trustees (CBT) has approved 8.25% annual interest rate for EPF savings for FY 2024-25.