Retirement fund body EPFO's subscribers will get loyalty-cum-life benefit of up to 50 thousand rupees at the time of retirement for contributing to the scheme for 20 years or more. <br/><br/>The EPFO board has decided that the benefit will also be provided in case of permanent disability even if the members have contributed for less than 20 years.<br/><br/>The Employees' Provident Fund Organisation's, EPFO, apex decision making body, the Central Board of Trustees, has recommended a minimum sum assured of 2.5 lakh rupees in the event of death of a subscriber.<br/><br/>The benefits will be available to members after government approval. Initially, these will be provided for two years on a pilot basis and will be reviewed thereafter.<br/><br/>The board has recommended such benefits in view of a huge corpus of over 18 thousand crore rupees in the fund. At present, the dependants of the deceased get a sum assured of up to 6 lakh rupees. There is no provision of minimum insurance and any benefit for surviving members or in cases of permanent disability under the scheme.