Friday, October 15, 2021

Important news: If private employee’s death is due to corona, then nominee will get 7 lakh rupees, know how

New Delhi: The corona virus has devastated many families. In the second wave, corona deaths are higher among family back bone youngsters. After the death of the occupants of the house from the corona, there has been a big crisis of maintenance in front of the family. The problem of education and fees, etc. of children who have become coronated has also arisen. A major crisis has arisen, especially for the families whose caretaker worked in a private company and Corona took it.

In such a situation, this news has worked for those families. No one can compensate for the damage done to those families, but there are some plans to support their lives, which will support them.

Know about EPFO ​​Insurance:

On the death of an employee working in a private company from the corona, the wife or children will get Rs 7 lakh if ​​their nominee or if they have not made anyone a nominee. For this, the nominee will have to claim. Earlier this amount was 6 lakh rupees. The amendment to paragraph 22 (3) of EDLI, 1976 was approved in September 2020.

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In the meeting held in March 2020 of CBT, it was recommended to give a minimum benefit of Rs 2.5 lakh to the family members of the deceased employee. The amount is usually up to Rs 7 lakh.

Know how to calculate insurance amount:

For this, after adding 35 times + DA of the last 12 months basic salary of the employee, the amount is paid to the nominee who claims a maximum of Rs 7 lakh and a minimum of Rs 2.5 lakh. In this, the employee becomes eligible for this insurance as soon as the PF contribution starts. Under this insurance, the nominee can also take benefit in the death of corona. As far as eligibility is concerned, if you are a PF member then you are eligible for EDLI scheme. As long as you are working, that means your PF is getting deducted, till then you will continue to get the benefit.

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