Assurance benefits for provident fund members provide enhanced death coverage based on service continuity, wages, account balances and contribution status.

Assurance benefit is payable on a provident fund member's death in addition to fund accumulations, generally based on the average balance during the preceding twelve months or membership period, with prescribed minimum and maximum limits. Continuous twelve-month employment permits an enhanced benefit based on average wages and fund balance, with the higher of that amount or the basic benefit payable. Short employment gaps are treated as continuous service for eligibility. Part-time employees' aggregate balances and, where applicable, aggregate wages are considered. Basic and part-time benefits receive a further 20 per cent increase, and in-service death within six months of the last contribution remains covered.

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