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19Oct 2024

EDLI Scheme: Ensuring Insurance for Private Sector Employees

Why in the news? The EDLI scheme has gained attention as the government recently increased the maximum assured benefit to Rs 7 lakh, enhancing social security for private sector employees, especially during uncertain times of employment and economic fluctuations. Overview of EDLI Scheme: The Employees Deposit Linked Insurance (EDLI) Scheme was launched in 1976 by …

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