"EPFO trustees will take up and consider the proposal to provide insurance cover under its Employees' Deposit Linked Scheme (EDLI) to subscribers for three years after job loss," a source said, adding, "The maximum sum assured under EDLI will be enhanced to `6 lakh." In September, the EPFO's apex decision making body, the Central Board of Trustees (CBT), had decided to increase benefits under the EDLI scheme from `3.6 lakh to `6 lakh. The proposal provides for voluntary retention of EDLI membership to subscribers at a reduced rate of contribution for three years after they lose or leave a job.
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