EPFO Tips: What should the family do if an EPFO beneficiary dies; what tasks must be completed?
Nothing is more painful than the death of a family member. But in such a situation, we need courage. If the deceased was in a private job and PF was deducted from their salary, the family should take some steps.
Especially when a family member dies, the sole breadwinner. In such a situation, families need emotional support along with financial assistance. You can get this financial assistance from the EPFO. You may also receive lakhs of rupees through insurance, which will serve you well for a long time. To do this, you just need to complete a few important tasks.
1. Creating a Death Certificate
First, you need to create a death certificate, as this document may be required for every important work. You can apply online for a death certificate.
2. How to Get Money from EPF
PF is deducted from the salary of almost every employed person.
If an EPF beneficiary dies, you will first receive the money deposited in the PF. You can receive this money in installments.
Furthermore, if the beneficiary has worked for 5 years or more, the spouse will receive a pension for life, and the children will receive a pension for 25 years.
Furthermore, if the person passes away while in service, the family also receives insurance up to ₹7 lakh.
If the deceased had any insurance in his or her name, file a claim for it as well.
What to do with the loan?
First, check whether the loan taken out in the deceased's name had any insurance. If so, the insurance company, not you, will pay off the loan.
Go to the bank and complete these steps.
First, never make the mistake of withdrawing cash using the deceased's ATM card. Instead, you can go to the bank and transfer the remaining funds to the nominee's account.
Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
