EPF insurance up

unnamed (1)The Central Board of Trustees (EPF) meet held in Hyderabad under Union Minister for Labour & Employment & Chairman, CBT, EPF Bandaru Dattatreya enhanced insurance under employees deposit linked insurance scheme to dependants of EPF members from Rs 3,60,000 to Rs 6,00,000. It will benefit four crore members. About 30,000 members were paid Rs 180 crore in 2014. The Central Board also recommended removal of a condition of continuous employment of one year under current employer before being eligible for insurance benefits.

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