PF withdrawal process after DEATH of employee, important for family members
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Chapters:
00:00 Intro
00:48 Fill PF nomination form
01:07 Pension scheme certificate
02:15 Reason of exit
03:05 Documents needed for PF withdrawal after member’s death
03:12 Composite claim form
07:00 Forms submission
What is the PF withdrawal process after the death of an employee who was a member of EPFO India?
In this video, we answer this question with all the details a dependent family needs to know about. You will know,
1. How to withdraw PF after death?
2. How to withdraw pension, or how to apply for pension after the death of a member (EPS 1995)?
3. How to take the benefit of EDLI (Employees' deposit linked insurance scheme) which provides insurance cover of 250000 to 600000 in case of death of an EPF member, to be given to the dependent family members.
So how does one claim the EPF account money after the death of an employee? The process actually begins partly when the person is still alive and well. As a subscriber to EPF Form 20, it is necessary that the employee fills an EPF Nomination Form to make sure that his money is transferred easily to his family as well as a Pension Scheme Certificate whenever he switches jobs so that the correct pension amount is calculated. These two documents are necessary for submission during the EPF form 20 death claim process.
The next important step is for the employers wherein they need to mark “Death” as the reason for the employee leaving his job on the EPF Employers’ Portal. This ensures that the employee’s family does not get into unnecessary hassles during the EPF death claim.
EPF composite form: https://bit.ly/2DuOJ7I
EPFO India website: https://epfindia.gov.in/
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Read about this in English: https://labourlawadvisor.in/blog/pf-w...
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