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How much amount has been increased by EPFO under Employees’ Deposit Linked Insurance scheme? 
  • a)
    Rs 9 lakh 
  • b)
    Rs 7 lakh 
  • c)
    Rs 5 lakh 
  • d)
    Rs 11 lakh
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
How much amount has been increased by EPFO under Employees’ Depo...
The EDLI scheme is a mandatory insurance cover provided to to all subscribers of EPF scheme. A nominee gets a lump sum payment of up to ₹7 lakh in the event of death due to natural causes, illness or accident. All organisations covered under EPF and Miscellaneous Provisions Act, 1952 get enrolled for EDLI automatically.
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How much amount has been increased by EPFO under Employees’ Deposit Linked Insurance scheme?a)Rs 9 lakhb)Rs 7 lakhc)Rs 5 lakhd)Rs 11 lakhCorrect answer is option 'B'. Can you explain this answer?
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