Launch of LIC’s Group Post Retirement Medical Benefit Scheme
May 16th, 2023 8:15 pm | By ThenewsmanofIndia.com | Category: LATEST NEWS(THE NEWSMAN OF INDIA.COM)
Life Insurance Corporation of India has introduced Group Post Retirement Medical Benefit Scheme with effect from 2nd May 2023. This plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product. The plan helps to meet the employer’s obligation for Post-Retirement Medical Benefit to their employees. The plan also offers a fixed Life Cover Benefit (Sum Assured) to each member. Any employer willing to fund for their Employees’ Benefit may adopt the scheme. The plan is available for any employer with 50 or more employees. The product is an addition to the bouquet of LIC’s eleven Group products and one Group Accident Benefit Rider.
Government News
- JNPA conferred with prestigious Infra Focus Award 09/27/2023
- NMDC wins Corporate Communication Excellence Awards 09/26/2023
- R.K.Agrawal, WAPCOS,NPCC participates in “CPSEs Roundtable & Exhibition 09/25/2023
- IRFC Registers Rs 6,337.01 crore profit in FY23 09/23/2023
- Dr. PS Mishra, CMD-SECL, honoured with MGMI Award for Excellence for Coal Mining 09/23/2023