Hi all
What is the procedure in PF for death case settlement?
If an employee dies while working in the company, what are the procedures to be done in his PF? Can anyone help me to know the procedures???
Rgds
Krishna
From India, Madras
What is the procedure in PF for death case settlement?
If an employee dies while working in the company, what are the procedures to be done in his PF? Can anyone help me to know the procedures???
Rgds
Krishna
From India, Madras
Krishna,
There are some benefits under EDLI scheme of EPFO. You may submit the a claim in the PF Department. I am not sure but in these cases one can claim upto 130000.00 and pension for the dependent.
From India, Jaipur
34There are some benefits under EDLI scheme of EPFO. You may submit the a claim in the PF Department. I am not sure but in these cases one can claim upto 130000.00 and pension for the dependent.
From India, Jaipur
Dear Krishna
Please go to EPFO link, then click on download then take the print out of Form 10D for Pension claim (To be submitted by the first claimant i.e. member or widow/widower or orphan or nominee as the case may be)and Form 20 for PF Claim (In the event of death of member, this form is to be used by a nominee / family member to claim the member's Provident Fund accumilation).
Get it filled by the Spouse / Legal heir / Dependent and submit to the concerned EPFO Office alongwith Address Proof, Legal Heir Certificate, Bank/Post Office Savings Account Pass Book first page xerox for all the members individual account (Mother, Father, wife, Minor Sons, Daughters, Dependent Brother, handicapped, unmarried sisters) death certificate (duly notorised), and if the same in vernacular language submit the same alongwith the english translation.
From India, Kumbakonam
Please go to EPFO link, then click on download then take the print out of Form 10D for Pension claim (To be submitted by the first claimant i.e. member or widow/widower or orphan or nominee as the case may be)and Form 20 for PF Claim (In the event of death of member, this form is to be used by a nominee / family member to claim the member's Provident Fund accumilation).
Get it filled by the Spouse / Legal heir / Dependent and submit to the concerned EPFO Office alongwith Address Proof, Legal Heir Certificate, Bank/Post Office Savings Account Pass Book first page xerox for all the members individual account (Mother, Father, wife, Minor Sons, Daughters, Dependent Brother, handicapped, unmarried sisters) death certificate (duly notorised), and if the same in vernacular language submit the same alongwith the english translation.
From India, Kumbakonam
Dear Shri Krishna Ji,
In the event of death of the employee in harness, spouse and two children of the deceased are eligible for pension under the EPS 1995. While the spouse is eligible for pension either life long or till re-marriage, first two children will get the pension till they attain the age of 25 or marriage of daughter. If there are more than two children, after the first child attains 25 year age, his/her pension will stop and the next in the rank will start getting pension. This process continue till the last child attains 25. At one time only the spouse and two children are eligible for pension.
In addition to the pension, the widow/widower will also get accumulations in the PF account as well as Deposit linked insurance benefit which is perhaps R.1,30,000 at present. Irrespective of the balance in one's PF account, the nominee gets this insurance benefit in addition to the balance (with interest till the date of payment). No interest is payable on the DLI benefit amount. Interest payable only on the balance in PF account.
The nominees are also entitiled to get gratuity, leave encashment, other benefits under the benevolent schemes of the employer company if any.
From India, Pune
In the event of death of the employee in harness, spouse and two children of the deceased are eligible for pension under the EPS 1995. While the spouse is eligible for pension either life long or till re-marriage, first two children will get the pension till they attain the age of 25 or marriage of daughter. If there are more than two children, after the first child attains 25 year age, his/her pension will stop and the next in the rank will start getting pension. This process continue till the last child attains 25. At one time only the spouse and two children are eligible for pension.
In addition to the pension, the widow/widower will also get accumulations in the PF account as well as Deposit linked insurance benefit which is perhaps R.1,30,000 at present. Irrespective of the balance in one's PF account, the nominee gets this insurance benefit in addition to the balance (with interest till the date of payment). No interest is payable on the DLI benefit amount. Interest payable only on the balance in PF account.
The nominees are also entitiled to get gratuity, leave encashment, other benefits under the benevolent schemes of the employer company if any.
From India, Pune
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Circular Dated 28-10-2016 for settlement of PF Death Case Claims within 7 days.pdf