EPFO Latest News: Union Labor Minister Mansukh Mandaviya on Thursday announced the extension of enhanced insurance benefits to all members of retirement fund body EPFO ​​under the Employees Deposit Linked Insurance (EDLI) scheme. This move by the government will ensure life insurance protection of up to Rs 7 lakh to over six crore EPFO ​​members.
Union Minister Mandaviya, while talking to reporters here, said that the scheme has been extended retrospectively from April 28, 2024. The EDLI scheme, launched in the year 1976, aims to provide insurance benefits to the members of the Employees' Provident Fund Organisation (EPFO) so that some financial assistance can be ensured to the family of each member in case of the death of the member.

Increased to Rs 2.5 lakh and Rs 7 lakh respectively

Till April 2021, the maximum benefit to the legal heir of the deceased employee was limited to Rs six lakh as per the criteria defined in the EDLI scheme. Later, the government through a notification issued on April 28, 2021, increased both the minimum and maximum benefits under the scheme to Rs 2.5 lakh and Rs 7 lakh respectively for the next three years.

Further, the condition of continuous service of 12 months in an establishment was also relaxed to cover employees who change jobs during that period. These benefits were effective for three years which ended on April 27, 2024.
The second version of the e-Shram portal from Monday

According to Mansukh Mandaviya, the second version of the e-Shram portal will be launched on Monday next week with new features like eligibility criteria for various welfare schemes. He also said that the e-Shram portal will also allow companies providing job information to enrol their workers on the portal. It has been created to create a national database of workers in the unorganized sector.