Friday, December 2, 2022

EPFO’s product expansion may come under health, disability and maternity benefits

EPFO: Employees’ Provident Fund Organization (EPFO) is now eyeing its product expansion and may soon provide provident fund as well as health, pension, maternity, and disability or disability-related benefits to its members. Officials associated with this say that the organization has a long experience in the field of basic social protection and can become an ideal manager for the Basic Social Protection Floor (SPF).

Discussion is still in early stages
According to a report in Economic Times, this news has come to the fore and it has been told that initial discussions are going on on the proposal regarding the product expansion of EPFO. SPF is a nationally defined set of basic social security guarantees that provide secure protection intended to prevent or reduce poverty, vulnerability and social exclusion. In addition, it also includes facts about access to essential health care and basic income security.

What proposals are being considered
Apart from the provident fund, EPFO ​​is looking to make available some more social security-related products for its members. These can range from maternity benefits for women to helping disabled members. EPFO is also considering new dimensions for health benefits.

Read More: EPFO Latest Update: EPFO’s Dhansu scheme to give more returns to the account holders! Know details

Work on the idea may be completed in the next few months.
EPFO is currently in initial talks to extend this benefit to its about 45 crore members. Of these 4.5 crore members, 90 percent are in the unorganized sector and they are expected to benefit greatly from the introduction of this product. Concrete work on this idea can start in the next few months.

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                  Click Here
🔥 Facebook Page                  Click Here
🔥 Instagram                  Click Here
🔥 Telegram Channel                   Click Here
🔥 Google News                  Click Here
🔥 Twitter                  Click Here


Please enter your comment!
Please enter your name here

Most Popular


Provident Fund Interest Will the employees have to bear the loss on the interest of PF?

EPFO News: Employees' Provident Fund Organization (EPFO) has resolved a major concern of thousands of employees. The EPFO ​​said that it has started releasing...

GPF New Rule: Good news for government employees! Rules for GPF have changed; you should be aware

GPF New Rule: A significant adjustment has been made to the General Provident Fund guidelines (GPF). Only up to Rs 5 lakh can now...

Life insurance: If you also have a PF account, you will receive a benefit of 7 lakhs rupees all you need to do is...

Provident Fund: Every salaried individual has a portion of their pay withheld for PF. After retirement, the only way to provide pension benefits to...

EPFO Alert: Vital information for owners of PF accounts! EPFO issued a warning, warning of impending catastrophe.

EPFO: Employees' Provident Fund Organization (EPFO) has sent out a warning to all users. No account holder should ever, even accidentally, publish information about...

EPFO Latest Update: EPFO’s Dhansu scheme to give more returns to the account holders! Know details

EPFO Latest News Update: Based on their age and risk tolerance, EPFO is getting ready to offer its investors a variety of investment possibilities....

Most Popular


* indicates required