Rewrite The Employees’ Provident Fund Organization (EPFO) goes the extra mile to safeguard its members. Did you know that EPFO provides all its members with free insurance coverage up to 7 lakh rupees? This incredible benefit is extended to those whose salary includes a PF component, ensuring financial security for you and your loved ones.
As part of PF deductions, 12% of your basic salary is contributed by both you and your employer, accumulating in your EPF and EPS accounts. But there’s more to the story. Each employer is also required to contribute 0.5% (or a maximum of 75 rupees) to the Employees’ Deposit Linked Insurance Scheme (EDLI), an added layer of protection for you.
Here’s the best part: you don’t need to make any contributions to the EDLI scheme. In the unfortunate event of an employee’s demise during their working life, the nominee could be eligible for a minimum of Rs. 2.5 lakh and a maximum of Rs. 7 lakh as an insurance claim, provided the employee has been an active member of EPFO for at least the last 12 months.
Invest in your peace of mind and secure your loved ones’ future with EPFO’s comprehensive insurance coverage. #EPFO #InsuranceCoverage #EDLI #FinancialSecurity #EmployeeBenefits #DrSurendraRajpurohit #EmployeeProvidentFundOrganization #EmployeeDepositLinkedInsurance
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The Intelligent Investor (by Benjamin Graham)
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The Psychology of Money (by Morgan Housel)
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The Almanack Of Naval Ravikant: A Guide to Wealth and Happiness (by Eric Jorgenson)
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I Will Teach You to Be Rich (by Ramit Sethi)
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