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The Hindu

National

The Hindu Bureau

Finance Ministry’s decision to benefit over 13 lakh LIC agents, 1 lakh employees, says BJP MP GVL Rao

LIC Bharatiya Janata Party Narasimha Rao Insurance

The Ministry of Finance, Government of India, has approved welfare measures for LIC agents and employees including an increase in gratuity limit, eligibility for renewal commission, term insurance cover and uniform rate of family pension for LIC agents and employees.

BJP MP G.V.L. Narasimha Rao, who has been raising the issue in Parliament seeking welfare measures for LIC agents, expressed satisfaction over the decision here on September 19.

The welfare measures are related to the amendments to LIC (Agents) Regulations, 2017, Enhancement of Gratuity Limit, and Uniform Rate of Family Pension among others.

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