New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    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?
    A 1976 Correct Answer Incorrect Answer
    B 1978 Correct Answer Incorrect Answer
    C 1979 Correct Answer Incorrect Answer
    D 1980 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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

    Practice Next

    Relevant for Exams: