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My organisation is having a Group insurance Scheme (LIC) as alternative for EPF insurance scheme. Our management has decided not to continue with LIC policy and to pay the 0.05% alongwith EPF monthly dues. Would like to know the procedure.
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Than you have to consult with the PF inspector from PF Office. As per his suggestion do the further. There is some forms to filled up and to submit to PF office. Please get in touch with your area PF office. They will absolutely advise you upon the topic.
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