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LIC launches post retirement medical benefit scheme
Highlights
Life Insurance Corporation of India (LIC) has introduced Group Post Retirement Medical Benefit Scheme. “This plan is a non-linked, non-participating,...
Life Insurance Corporation of India (LIC) has introduced Group Post Retirement Medical Benefit Scheme. “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 company said in a statement.
“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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