Tag: life insurance corporation of india

The finance ministry on Monday announced a series of steps that will benefit around one lakh employees of LIC and 13 lakh agents of the state-run company.In the package for employees which is seen as a precursor for public sector bank employees, the finance ministry will allow an increase in the gratuity limit from Rs 3 lakh to Rs 5 lakh for LIC agents. “It will bring substantial improvements to the working conditions and benefits of LIC agents,” an official statement said.It also provided for enabling reappointed agents...