LIC’s Group Post Retirement Medical Benefit Scheme provides a hard and fast Life Cover Benefit (Sum Assured) to every member.
This LIC Scheme is an addition to the bouquet of LIC’s eleven Group merchandise and one Group Accident Benefit Rider.
Life Insurance Corporation of India has introduced the launch of Group Post Retirement Medical Benefit Scheme. It has been began with impact from May 02, 2023. The plan is out there for any employer with 50 or extra workers.
LIC Group Post Retirement Medical Benefit Scheme
LIC Group Post Retirement Medical Benefit Scheme plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product. According to LIC, the plan helps to satisfy the employer’s obligation for Post-Retirement Medical Benefit to their workers.
The plan additionally provides a hard and fast Life Cover Benefit (Sum Assured) to every member. Any employer prepared to fund for his or her Employees’ Benefit could undertake the scheme.
“Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that is to tell you that the Corporation has introduced the launch of its new product on 02nd May, 2023,” LIC mentioned in a regulatory submitting.
The product is an addition to the bouquet of LIC’s eleven Group products and one Group Accident Benefit Rider.
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