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of <h1>New Employees' Deposit-linked Insurance Scheme Offers Life Coverage Through Collaborative Employer-Government Contributions Under Section 6C</h1> The amendment introduces a new section 6C to the Employees' Provident Funds Act, establishing an Employees' Deposit-linked Insurance Scheme. The scheme provides life insurance benefits for employees, with contributions from employers and the Central Government. Employers must contribute up to one percent of an employee's wages, while the government contributes half of that amount. The Insurance Fund will be managed by the Central Board, with provisions for administrative expenses and potential retrospective or prospective implementation.
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