Question
Employees’ Deposit-Linked Insurance is an
insurance cover provided by the EPFO for private employees. It was launched in which of the following year?Solution
Employees’ Deposit-Linked Insurance is an insurance cover provided by the EPFO for private sector salaried employees. It was launched in 1976. Any employee who has an EPF account automatically becomes eligible for the EDLI scheme. The registered nominee receives a lump-sum payment in the event of the death of the person insured, during the period of the service. It applies to all organisations registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952
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