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EPFO wage ceiling raised to 25,000: How much could your 7L EPF insurance cover increase? Here's how to calculate

The Union Cabinet raised the EPFO wage ceiling from 15,000 to 25,000, potentially increasing the life insurance cover under the EDLI scheme from 7 lakh to an estimated 10.5 lakh. This change could benefit between 50 lakh and 1 crore new EPFO members.