Deposit linked insurance

Employees deposit associated insurance scheme was introduced in the year1976 under the P.F. Act, 1952. Under this system, if a member of the Employees Provident fund dies during service; his dependents shall be paid an added amount equivalent to the average balance in the period of the last three years in his account. (The amount must not be less than Rs 1000 at particular point of period). Under the employee's deposit linked insurance plan, 1976 the maximum amount of reimbursement payable under the deposit linked insurance is Rs 10,000.