EPFO

Life Insurance Benefit Ceiling Increased by as much as 66% by EPFO

Life Insurance Benefit Ceiling Increased by as much as 66% by EPFO

Official reports have confirmed that the Employees' Provident Fund Organisation, or EPFO, has increased the life insurance benefit ceiling for all its 4.7 crore members by as much as 66%, which means that the ceiling has been lifted from Rs. 60,000 to Rs. 1,00,000. In addition, the PF agency's board of trustees also relaxed the investment norms for deployment of workers’ saving in bond which are issued by companies. All the details were made public by EPFO at its Friday meeting.