EDLI members – Minimum Assured Life Insurance amount of 2.5 Lakh
As per the latest notification the minimum Assured amount in case of death of the member under EDLI will be raised to 2.5 lakhs from the current limit of 1.5 lakhs.
EDLI – What is EDLI?
This will be paid to the kin of family member or his/her spouse or the children of the EPF member,This will be in effect till May 2019.
In addition to that members who have contributed more than 20 years to EPF will get a retirement bonus of Rs 50,000 as “Loyalty Bonus” (This is something new which has not been introduced previously)
Though this is yet to be notified, you can see more about it over here
Sankara Narayanan is a retired Enforcement Officer from Provident Fund Organization Madurai., He has worked nearly 35+ years in Employees Provident Fund Organization and has extensive experience in PF Withdrawal Claims, PF Account Transfer and other areas related to EPF
https://www.linkedin.com/in/sankara-narayanan-4667385a/