EPFO Rules: Want to pay your insurance premium but short on cash? Get it from here!
Are you worried about cash as your insurance premium payment date is approaching? Don’t worry as Employees’ Provident Fund Organisation (EPFO) can do this for you. As per the Employees’ Provident Fund Scheme, 1952, account holders can pay premium due on a life insurance policy - taken by the member on his own life - financed from his EPFO account
As per the scheme, a member can apply for it before the Employees' Provident Fund commissioner in such form and in such manner as may be prescribed by the Commissioner. Source: PTI