Admissibility of assurance benefits payable in lieu of EDLI Scheme, 1976
Contents News/Article Date: 18th October 2022
Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952
Type: EPFO Circular No. E File No. 53464 issued by Regional PF Commissioner (EDLI)
Pertains to Establishments covered by PF and employee members
Relevance of this news: As we all know that under the Provident Fund and Employee State Insurance Corporation Act, it is mandatory to provide some contributory and health care benefits to employees for which there is some percentage contribution on the part of the employer towards each and every employee who is eligible for this purpose in the immediate and long-run while in tenure of service. These are also known as social security benefits that are governed and managed by Government bodies as per rules and regulations laid down and understood by all employers applicable by these Acts.
Karma Management Global Consulting Solutions Pvt Ltd does a lot of work on PF & ESI and especially under the PF act, there are a lot of chapters and sections, and sub-sections against which obligations are required to be fulfilled by employers and employees. Karma Management takes care of all the obligations for the establishments as well as members of the Fund.
In this instance, it is related to EDLI – that is assurance benefits payable to a member on the death of the member. Since there have been a lot of complaints about delay in the payment of assurance benefits on death, EPFO has now directed its officers to make settlement of all such claims as per provisions of the scheme and not to harass the family members. It has clarified how the provisions of the scheme are to be applied even when an employee member remains on leave without wages or is absent for any other reason and expired during the period.
Subject: Admissibility of assurance benefits payable in lieu of EDLI Scheme, 1976
For greater details, attached is the notification
Admissibility of assurance benefits payable in lieu of EDLI Scheme, 1976