SBI Life Insurance Company is eyeing the huge corpus under the employees deposit-linked insurance (EDLI) scheme, which is currently managed by the Employees Provident Fund Organisation (EPFO). This is a mandatory cover that employers of all industrial establishments have to offer their employees by law.
SBI Life managing director and CEO R Krishnamurthy said the company has received approval from the Centre, but is awaiting a formal nod from the EPFO.
