Business / EPF members will get rs one lakh medical advance same day of application, here is the process

EPF Medical Advance: What will you do if there is a sudden need of money in the event of corona epidemic or any kind of medical emergency. Thinking this, a new facility has now been started for the members of Employees' Provident Fund (EPF), in which you will get Rs 1 lakh as soon as you get admitted in the hospital.

1 lakh advance in medical emergency immediately

EPF members can immediately withdraw an advance of Rs 1 lakh from their PF balance in case of any sudden medical emergency. For this, they will not need to give any kind of cost estimate. On June 1, EPFO ​​had issued a circular, in which it has been told that this medical advance of Rs 1 lakh will be given in case of sudden hospitalization for the treatment of any deadly disease including corona.

No need to show estimated bill

Earlier, EPFO ​​had allowed advance to be taken from EPF account for medical emergencies. But, this amount was available on the basis of cost estimate or only after reimbursement of medical bills. But this medical advance is completely different from this. For this, the EPF member does not need to show any bill or estimated expenditure, just apply and the amount will be transferred to the account.

essentials of medical advance

There are some rules for how EPF members can take this advance in case of emergency. This advance is given to the EPF member or his family in case of hospitalization.

1. The patient should be admitted to Government/Public Sector Unit/CGHS Panel Hospital for treatment. If he has been admitted to a private hospital in emergency, then an officer will investigate then his medical advance will be issued.

2. The employee or any family member has to submit an application giving details of the hospital and the patient mentioning that the estimate is not estimated and medical advance be issued.

3. This amount is received within an hour of application by the member or any family member for help in hospitalization.

4. This is completely different from the Kovid advance approved by the EPFO ​​board last month. In this, you can get 75% of the total fund, and it is non-refundable.