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The wage revision would see an annual implication of around Rs 4,000 crore, taking LIC’s overall wage bill per year to about Rs 29,000 crore.
Indiana has proposed a new, higher reimbursement rate for autism therapy, after providers and lawmakers reacted with alarm to the first one.
India Business News: The finance ministry has announced measures that will benefit LIC employees and agents. They include an increase in the gratuity limit from Rs 3 lakh
Good News! Employees LIC agents, The government has increased the gratuity limit and announced a 30% uniform rate of family pension for over 13 lakh agents and over 1 lakh regular employees and more at news18.com
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.