Hike in gratuity limit, term insurance cover: Centre approves measures for LIC agents, employees

Image Source : REPRESENTATIVE IMAGE Life Insurance Corporation of India

The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.

Over 13 lakh LIC agents and more than 1 lakh regular employees will benefit from the newly-announced welfare measures, according to an official release.
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