Insurance coverage advantages to remain for EPFO subscribers

The EDLI scheme, launched in 1976, was to offer insurance coverage advantages to members of the EPFO and to make sure that the households of members get monetary help in case of demise of the member. Photograph: Fb/socialepfo

The Centre has determined to increase offering advantages of Workers’ Deposit Linked Insurance coverage (EDLI) Scheme to all subscribers of Workers’ Provident Fund Organisation and their members of the family until additional discover. The advantages have resulted in April 2024. Labour Minister Mansukh Mandaviya, in the meantime, met stakeholders in gig and platform sectors on implementing a social safety scheme for staff employed there. Mr. Mandaviya mentioned a committee had been shaped to develop framework for offering social safety and welfare advantages to gig and platform staff.

The EDLI scheme, launched in 1976, was to offer insurance coverage advantages to members of the EPFO and to make sure that the households of members get monetary help in case of demise of the member. The minimal and most advantages beneath the EDLI scheme had been enhanced from ₹1.5 lakh and ₹6 lakh to ₹2.5 lakh and ₹7 lakh respectively in 2021 and the advantages had been legitimate for a interval of three years, which got here to an finish on April 27, 2024.

A authorities supply mentioned Mr. Mandaviya accredited the choice to make the advantages relevant to the members of the EDLI Scheme retrospectively from April 28, 2024 onwards until any additional notification. The supply mentioned the advantages can be continued for indefinite interval and there can be no requirement for issuing any additional notification on this regard.

In the meantime, Mr. Mandaviya chaired a gathering with representatives from platform staff’ associations on addressing the challenges confronted by the employees and offering well being and social safety for them. “Mr. Mandaviya emphasised the significance of incorporating inputs immediately from the platform staff’ associations to develop strong and complete mechanism for his or her social safety,” a authorities launch mentioned. He advised the assembly {that a} committee has been shaped by the Ministry to develop a ‘framework for offering social safety and welfare advantages to gig and platform staff,’ aiming to assemble views from all related stakeholders.