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Bonanza for LIC agents, employees! Govt increases gratuity limit, announces 30% uniform rate of family pension

According to the Ministry of Finance, over 13 lakh agents and over 1 lakh regular employees will benefit from these welfare measures as LIC looks to deepen the penetration of insurance in the country.

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LIC Employees To Get Family Pension: Gratuity Limit Hiked With Central Welfare Masures

Currently, LIC agents are not eligible for renewal commission on any business completed under the old agency.

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