The Employee Provident Fund (EPF) is a government retirement benefit program that provides workers (holders of EPF accounts) with budgetary support upon retirement. Anyway, are you aware that the epf regulations also provide workers with life insurance? So, let’s consider this element of the epf strategy. life insurance for holders of epf accounts As to section 17(2a) of the Employees’ Deposit Linked Insurance Scheme (EDLI) 1976 regulation, every epf account holder is eligible to get a complimentary life insurance policy upon opening their account. how much life insurance does an epf account holder have? The holders of epf accounts are eligible for life insurance up to?6 lacs, or multiple times their monthly income, whichever is less. The employee’s epf account requires the employer, who is registered with the epf, to make regular contributions. understand this epf life insurance strategy in great depth.
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