Launch of LIC`s Group Post Retirement Medical Benefit Scheme
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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.
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