the amount will reach the account in just one hour
EPF Medical Advance: If you suddenly have to be hospitalized, then there is no need to take a dispute, for EPF members, in advance Rs 1 lakh will be transferred to their account immediately, as this, there is not much to be written off.
Advance will be available immediately with a sudden hospitalization
The rapid expansion of Rs 1 lakh to EPF members
There is no need to show a pre-determined amount
New Delhi: EPF Medical Advance: What to do in case of an unexpected need for money in the event of a Coronavirus epidemic or any other medical emergency. With that in mind, a new location has now been opened for members of the Employees’ Provident Fund (EPF), where you will receive Rs 1 lakh as soon as you are admitted to hospital.
Development of 1 lakh emergency medical emergency
EPF members can withdraw Rs 1 lakh from their PF balance as soon as possible in the event of unforeseen medical emergencies. For this they will not need to provide any kind of cost estimate. On June 1, the EPFO issued a circular, stating that the current Rs 1 lakh treatment fee would be provided in the event of a sudden hospitalization of any fatal disease including corona.
There is no need to show any estimated debt
Previously, the EPFO had allowed it to be taken in advance from the EPF account for medical emergencies. However, this amount was calculated on the basis of cost estimates or only after the reimbursement of medical bills. But these medical advances are quite different. For this, the EPF member does not need to show any fees or estimated costs, just apply and the amount will be transferred to the account.
important for medical advances
There are specific guidelines for how EPF members can handle this in the event of an emergency. This development is provided to an EPF member or his or her family in the event of a hospital stay.
- The patient must be admitted to the State / Public Sector / CGHS Hospital for treatment. If he is admitted to a private hospital in an emergency, then the officer will investigate and withdraw his medical bills.
- The employee or family member will be required to provide details of the hospital and patient, stating that the dosage is estimated and that medical bills must be paid.
- The money is received within one hour of the application from a member or any other member of his or her family with the assistance of hospitalization.
- This is in stark contrast to the Kovid Advance of EPFO Board in May. In this case, you can get 75% of the total wallet, and it is non-refundable.