EPFO New Rules: The Employees’ Provident Fund Organisation (EPFO) has announced several important changes in the Employee Deposit Linked Insurance Scheme (EDLI). One major change is the implementation of minimum life insurance benefits for EPF members.
Under this, even those employees who had recently joined the job and died within one year of service will get insurance benefits. This is aimed at strengthening financial protection for the families of deceased EPF members. These changes, announced in a meeting on February 28, 2025, are expected to benefit thousands of families every year by increasing insurance payouts and expanding coverage.
These decisions were taken in the meeting of the Central Board of Trustees (CBT). This meeting was chaired by Union Labour Minister Mansukh Mandaviya. Along with this, an annual interest rate of 8.25% has also been recommended for EPF account holders. These changes will directly benefit lakhs of employees and their families.
Now those working for a short period of time will also get benefits.
Earlier, if an employee died before completing one year of service, his family did not get any insurance benefit. However, now this rule has been changed. Now if an employee dies before one year, his family will get an insurance of Rs 50,000. This decision will benefit more than 5,000 families every year.
Let us tell you that the Employees’ Provident Fund (EPF) includes Employee Deposit Linked Insurance (EDLI), which acts as an important social security benefit. This program provides financial assistance to the dependents of EPF members in the event of their unfortunate death during their employment.
