Launch of LIC’s Group Post Retirement Medical Benefit Scheme
News Desk, News Nation 360: Life Insurance Corporation of India has introduced Group Post Retirement Medical Benefits 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 Benefits to their employees. The plan also offers a fixed Life Cover Benefit (Sum Assured) to each member. Any employer willing to fund their Employees’ Benefits 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.
Report : Anustup Kundu