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The Economic Times
The Economic Times
Shaghil Bilali

Will this EPF insurance limit rise to Rs 10.50 lakh after EPF wage ceiling hike to Rs 25,000?

EPF Insurance Puneet Gupta EDLI Social Security

The government has approved raising the Employees’ Provident Fund (EPF) wage ceiling limit from Rs 15,000 to Rs 25,000. Once notified, an increased wage ceiling will not only impact the EPF and the Employees’ Pension Scheme (EPS) members, but it is also likely to impact the Employees' Deposit Linked Insurance Scheme (EDLI) subscribers.

EPF subscribers enjoy life insurance cover of up to Rs 7 lakh under the existing wage limit.

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