Very Important: Working professionals may be eligible for up to ₹7 Lakhs FREE life insurance cover

Yes - you read that right - FREE and it covers Covid-19 death too

How?
via EDLI - Employee Deposit Linked Insurance

Read on to learn about eligibility & cover:
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Eligibility criteria:
(1) You are signed up for the EPF - Employee Provident Fund
(2) You have made at least 1 contribution to PF in the last 12 months (prior to death)
^ You are auto-enrolled

How much cover?
(1) Minimum: ₹2.5 Lakhs
(2) Maximum: ₹7 Lakhs

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VERY important clarifications:
(1) This is FREE because the employer bears the nominal cost (part of their EPF contribution on your behalf)
(2) The minimum benefit of ₹2.5L was up-held via a meeting on 09.09.20
(3) Applies to J&K residents too (w.e.f 31.10.20)

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Many of you may have colleagues who have passed away during Covid-19 (either from Covid or naturally)

Chances are that your organization doesn't have a Group Term Life cover - in which case this ~ ₹7 Lakh can make a big difference.

Please do RT/share
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Follow-up clarifications (please amplify)
(1) Claims process happens side-by-side with the EPF withdraw (when the member dies)
(2) Simple claims form + nomination proof needed
(3) Exact calculation of your cover is tricky - BimaPe has a calculator below: http://edl-insurance.bimape.com