PF Settlement - Life Insurance

Hi
I have one doubt. Can we claim for both Medical reimbursent and Mediclaim policy at the same time as per IT act. If it is possible?
Tamil...

In the case of Jitendra, withdrawal of both employee's and employer's share is possible since he has made contributions for more than six months.

In the case of Brother, since he has not completed six months he can withdraw PF only and Pension fund will not be paid.

Pensionable service is counted in such a way that a fraction of service of more than six months will be rounded to the next whole figure and less than six months will be ignored. As such, an employee who has served for 15 years and 7 months will be eligible for pension benefits equivallant to 16 years and one who has 15 years and 4 months will get benefits of 15 years service only. It is due to this reason that an employee leaving service without at least completing six months are not paid pension fund amount. However, for transfer cases, ie, for transferring the funds using form 13 when he joins another establishment and for obtaining scheme certificate, this is not applicable. Therefore, if you do not withdraw the amount but get it transferred when you join a new organisation, the contributions made by the employer will also get transferred.

Regards,

Madhu.T.K

hi,
Can someone please advise, do we need to provide PF if the basic salary is above 6500/-. Our employee strength is 25.
As per our consulatant once a person is covered under PF by any of his ex employer he has to be covered by his present company as well.
Please confirm. Its very urgent.

Hi guys,

Please update yourself with latest information on PF claims

Employees' Provident Fund Organisation mulls claims settlement in 3 days

Employer Online Transfer Claim Portal

Click Here for Login Online Transfer Claim Portal



Highlights



• View transfer requests from Members.

• Verify details from your records.

• Approve information using digital signature.

• An Additional feature to complement existing paper claim process.

• Multiple authorised signatories can use the facility to verify and approve claim requests.



Dear Employers !!

EPFO introduces a new system to facilitate online submission of transfer claims by Members with an objective to make the transfer process transparent, efficient and comfortable for your employees. You are urged to bring this facility to the notice of all your employees which is available on EPFO's Member portal. A member has an option to submit his claim either through his present employer or the previous one.



You can see all such claim requests with ease, verify/correct member details, approve and submit the requests online through this portal. For online submission of the claims, the Digital signature (Class II or above) of the authorized person is required.



User name and password for this portal is same which is used in ECR portal by the establishments and accordingly may be used with high diligence.





FAQs http://epfindia.gov.in <link fixed>

Regards

PRIJU