Insurance worth Rs. 7 lakhs without any premium!
If the head of the family dies, his wife and children have to suffer financially. That is why EPFO provides financial security to its members under EDLI to ensure that no one faces such a situation. If a PF account holder dies while in service, the family gets free insurance up to a maximum of Rs. 7 lakhs. No premium is required for this. Do not forget to update the nominee details in the PF account.
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