Maharashtra Governor Bhagat Singh Koshyari felicitates LIC of India at Raj Bhavan
Governor of Maharashtra Bhagat Singh Koshyari felicitated LIC of India at Raj Bhavan, Mumbai recently for the commendable work done by LIC during the COVID –19 pandemic.
| 3 March 2021 5:31 AM GMT
GUWAHATI: Governor of Maharashtra Bhagat Singh Koshyari felicitated LIC of India at Raj Bhavan, Mumbai recently for the commendable work done by LIC during the COVID –19 pandemic. Vipin Anand, Managing Director, LIC received the honour at a function organized by Pasbaan-e-Adab, a socio-cultural organization.
During the pandemic LIC rendered exceptional services to its policyholders and the society as a whole. Death claims arising due to COVID-19 were treated at par with other causes of death and settled on priority. LIC has also ensured that other policy payments like Survival Benefit, Policy Maturity, Annuities and Loans etc were made to policyholders promptly by crediting the amount into the ba
Updated Feb 15, 2021 | 18:57 IST
LIC Group Leave Encashment Plan helps meet employer’s Liability for providing Leave Encashment facility to their employees. The Plan also offers Life Cover Benefit so that in case of death of a group member. LIC Group Leave Encashment Plan | Photo Credit: iStock Images
Key Highlights
Each policy year a Policyholder shall pay Contributions to secure Leave Encashment Benefit as per Scheme Rules and also to provide Life Cover Benefit.
All the Contributions paid by employer/ trustees will be credited to the Policy Account maintained in the name of employer/trustees.
The yield earned on each of the policy account shall be calculated using the money weighted rate of return method at end of each policy year.