LIC Pension: Life Insurance Corporation has changed the rules of family pension for its employees. Big news has come for 26 thousand pensioners. Now the limit of family pension received in the name of the employee has been increased.
LIC Pension: Life Insurance Corporation has changed the rules of family pension for its employees. Big news has come for 26 thousand pensioners. Now the limit of family pension received in the name of the employee has been increased. Now if a LIC employee dies while on the job, his family will get more pension.
The Financial Department of the Finance Ministry has issued a notification regarding this on September 11, 2023.
26 हज़ार फैमिली पेंशनर्स के लिए अहम अपडेट
– नौकरी के दौरान अगर @LICIndiaForever कर्मचारी की मृत्यु हो तो फैमिली को मिलेगी ज्यादा #Pension
– बेसिक तनख्वाह और भत्तों पर 15% के बजाय 30% मिलेगा पेंशन (Except DA)#LIC #Pension @ZeeBusiness @ZeeNews pic.twitter.com/LoWExhadDS— Ambarish Pandey (@pandeyambarish) September 12, 2023
In sub-rule (1) of rule 39 of the Life Insurance Corporation of India (Employees) Pension Rules, 1995, for clause (c), this clause will now be substituted, –
After retirement from service and if he is in receipt of pension or compassionate allowance on the date of death, the family of the deceased shall be entitled to a family pension the amount of which shall be determined at the same rate as 330 per cent of pay and 30 per cent of allowances plus contribution to provident fund. Is calculated for, but does not count towards, dearness allowance. and in no case, the Family Pension shall be less than the amount of minimum family pension prescribed by the Board from time to time.
