It is a social security benefit provided to employees in India under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. The EDLI scheme is administered by the Employees' Provident Fund Organization (EPFO), which is a statutory body under the Ministry of Labour and Employment. The main objective of the EDLI scheme is to provide life insurance coverage to employees who are members of the Employees' Provident Fund (EPF). In the unfortunate event of an employee's death while in service, the scheme provides financial assistance to their family members or nominees.
For More Info:
4 Things To Know About Management Liability Insurance
Sign up now to get updated on latest posts and relevant career opportunities