Here the Direct Link for application and all you want to know about the process of LIC premium payment through EPF account.
Zee news Updated: Dec 10, 2021, 14:53 PM IST
Highlights
PF Subscriber can pay LIC Premium from EPF.
EPFO’s FORM 14 allows for Financing of LIC premium.
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· New Delhi: Your Provident Fund (PF) account is not only an instrument for long term savings scheme, but it also provides several additional benefits. These benefits are assured by Employee’s Provident Fund Organisation (EPFO) to the subscribers.
One such benefit that a PF subscriber can avail of is payment of LIC Premium using EPF corpus.
Here the Direct Link for application and all you want to know about the process of LIC premium payment through EPF account.
You can download this EPFO’s FORM 14 Direct link that allows for the Financing of a Life Insurance Policy out of the Provident Fund Account.
For this you will have to download the FORM 14, address it to the Commissioner of EPF and fill in the required details seeking remittance of your LIC premium from your EPF Fund.
However, this function will be available only till you continue to be a member of the EPFO and have enough account balance to allow for the credit of LIC premium.
For ready reference, Form 14 is attached to this mail.
PF form 14 for availing of payment through EPF Account for payment of LIC premium