INTERVIEW QUESTIONS INSURANCE EMPLOYEE DEPOSIT LINKED INSURANCE DETAILS

Question: What is the Need of EDLI - Employee Deposit Linked Insurance?

Answer: Employee deposit linked insurance scheme is a social security scheme. It gives necessary cover to the family of employees. The scheme is an effort to protect the large population from the hardship.

In India, people are not aware of the insurance planning and retirement planning. If not forced, rarely an employee takes an insurance cover. Hence, for the economic health of the society at large, the government introduced social security schemes. The employee provident fund, Employee pension scheme and Employee deposit linked insurance scheme are such schemes. These schemes are for the organised sector employee.

Similarly, the government has also launched many social security schemes for the unorganised sector. For example, Atal Pension yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Jan Suraksha yojana, PPF account are such schemes.

Employee deposit linked insurance scheme is a social security scheme. It gives necessary cover to the family of employees. The scheme is an effort to protect the large population from the hardship.

In India, people are not aware of the insurance planning and retirement planning. If not forced, rarely an employee takes an insurance cover. Hence, for the economic health of the society at large, the government introduced social security schemes. The employee provident fund, Employee pension scheme and Employee deposit linked insurance scheme are such schemes. These schemes are for the organised sector employee.

Similarly, the government has also launched many social security schemes for the unorganised sector. For example, Atal Pension yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Jan Suraksha yojana, PPF account are such schemes. Source: CoolInterview.com

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