EPFO boosts auto claim limit, streamlines medical advances process

By Vivek Dubey

CNBC-TV18.com

Published Apr 19, 2024

EPFO Enhancement

The EPFO has increased the auto claim settlements limit under Paragraph 68J to ₹1 lakh.

Streamlined Processing

This enhancement is part of the EPFO’s efforts to streamline auto claims processing.

Medical Advances

Paragraph 68J allows EPF subscribers to seek advances for medical needs.

Covered Conditions

These needs include extended hospitalisation, major surgeries, and serious ailments.

Simplified Claims

The updated provision eliminates the need for additional documentation, simplifying the claim process.

Aid for Impaired

Physically impaired members can request advances for equipment under Paragraph 68N.

Equitable Access

The maximum advance amount is determined based on various factors, ensuring equitable access to funds.

Partial Withdrawals

Subscribers can make partial withdrawals for reasons such as marriage, home purchase, or loan repayment.

Online Claims

Claims for ‘advance’ withdrawal can be made via EPFO’s unified portal.

Employer Approval

The claim is then forwarded to the employer for approval and credited to the subscriber’s account.

Claim Steps

The steps to initiate an EPF claim online via EPFO’s website are detailed, from login to claim status check.

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