Zee Biz

The eligibility of applicants under the EDLI Scheme of 1976 has been relaxed, the minimum benefits have been increased to Rs 50,000, and the service continuity rules softened. The combined effect of these steps is an increase in the insurance coverage and the overall financial security of the families of the deceased members.

PFRDA has formed a 15-member expert committee to explore assured pension payout options under the National Pension System. The panel will examine withdrawal rules, payout structures, risk management and consumer protection, with the aim of providing retirees more stable and predictable income while keeping NPS market-linked and sustainable.