EPFO Allows LIC Premium Payments Directly From PF Account

• EPFO members can pay LIC policy premiums directly from their EPF account under Paragraph 68(DD).
• Eligibility requires an active EPF account, minimum balance, LIC policy in own name, and policy from LIC only.
• Withdrawals are limited to the premium amount, can be done annually, and impact retirement savings.
• Process involves submitting Form-14, logging into the EPFO portal, linking the LIC policy, and automatic deduction.
• Benefits include avoiding policy lapse, no missed due dates, and an online process, but it should be a backup option.

Why It Matters: EPFO offers a facility to pay LIC premiums from EPF, a useful backup for financial difficulties.