LIC Pension Group Schemes
If you are interested in taking a retirement plan through an LIC pension Group scheme, you can find information about this scheme by calling up the office of the company in Kolkata, Subarban, Howrah, and Kharagpur. The department is located in the Kolkata Metropolitan Division. You can also find information about LIC pension plans by visiting their official website. If you are not yet a member of the LIC, you can learn more about this plan by visiting their website.
LIC’s pension and group schemes vertical manages over 80,000 schemes and accounts for over Rs7 lakh crore in premium income. The company has consistently grown its business since the opening of the Life Insurance industry, with its pension and group schemes vertical recording over 80% market share. The company has been able to maintain this growth rate despite a tough economy and high costs. It has been one of the leading players in the group scheme space for over 50 years, and is now looking to expand its position as an industry leader.
The LIC pension and group schemes are available to employees of organizations. These plans provide life cover only if the group member dies. An employer pays a one-time lump-sum premium for a group plan. Individuals cannot participate in this type of plan and cannot surrender their policy. LIC pension & group schemes are a popular choice for associations and employers, who are looking to provide their employees with low-cost group benefits.