Welfare measures announced for LIC agents and employees

  • The government has announced welfare measures for Life Insurance Corporation of India (LIC) agents and employees, benefitting over 13 lakh agents and 1 lakh regular employees.
  • The measures include an increase in the gratuity limit, availability of renewal commission for reappointed agents, and an expansion in term insurance cover.
  • Family pension will be offered at a uniform rate of 30%, and the measures aim to boost the penetration of insurance in India.
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