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As an employer eligible under the Employee's Provident Fund and Miscellaneous Provision Act, 1952, you have a statutory liability to subscribe to Employee's Deposit Linked Insurance Scheme, 1976, to provide all your employees with the benefit of Life insurance.
Under Sec. 17 (2A) of the Act, you may be exempted from subscribing to this scheme, if you have provided for better insurance benefits than the cover offered by Employee Provident Fund Organization (EPFO) through a life insurer.
ICICI Prudential's Group Insurance Scheme in lieu of EDLI has been certified by the EPFO as a superior product that provides greater insurance benefits than the cover offered by EPFO. Read more about the features and benefits of this plan, right away.
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