Gratuity limit hiked to Rs 5 lakh for LIC agents
The Indian government has approved welfare measures for over 1.3 million agents and 100,000 employees of state-run Life Insurance Corporation (LIC). The measures include increasing the gratuity limit for LIC agents from ₹3 lakh to ₹5 lakh, expanding the term insurance cover for agents, and making reappointed agents eligible for renewal commission.
Life Insurance Corporation Of India Life Insurance Corporation Gratuity Limit Uniform Rate Family Pension Lic Agents
Source: indiatimes.com