Q. Employees Deposit Linked Insurance (EDLI) Scheme is administered by which organization?
Answer: Employees Provident Fund Organisation (EPFO)
Notes: The Centre has extended benefits of the Employees' Deposit Linked Insurance (EDLI) Scheme for EPFO subscribers and their families until further notice. EDLI was launched in 1976 to provide social security benefits to private-sector employees. The scheme is managed and administered by Employees Provident Fund Organisation (EPFO) and offers term life insurance to employees. It covers organizations registered under the EPF and Miscellaneous Provisions Act, 1952. EDLI works with EPF and the Employees' Pension Scheme (EPS). The benefit amount depends on the employee's last drawn salary. The nominee receives a lump-sum if the EPF member dies during service.

This question is part of Current Affairs Daily 20 MCQs Series Course on GKToday Android app.