Life Insurance Corporation of India is the most trustworthy and reliable life insurance company of India (Golden Peacock Innovative Product / Service Award – 2009, CNBC Awaaz Consumer Awards 2008).
We want to apprise you about an excellent Group Insurance Scheme in lieu of EDLI (Employee's Deposit Linked Insurance Scheme) where your employees get insurance cover of Rs. 62,000 to Rs. 2, 00,000 with Zero cost.
Illustration:
(a) Let us say an employee with Rs. 15,000/- PF accumulation unfortunately dies. Under the EDLI Scheme (1976) of the EPF and MP Act, 1952 his beneficiaries would receive Rs. 15,000/- as death claim payment. But, if the employer subscribes to LIC’s GI Scheme in lieu of EDLI the beneficiaries would receive Rs. 62,000/- as death claim payment.
Our Other Schemes:
· Group Term Insurance Schemes
· Group Gratuity Scheme
· Group Super Annuation Scheme
· Group Savings Linked Insurance Scheme
· Group Leave Encashment Scheme
We would love to meet in person and suggest excellent schemes enhancing the Employee benefits and give you value for the money. Kindly let us know a suitable time to come and meet you.
Warm regards
Jaina Dagha
Cell: 9820551666 Email:
[IMG]http://mail.google.com/mail/?ui=1&view=att&th=121e29f9a0a4946b&attid=0.2&disp= emb&zw[/IMG]
LIC of India,
Pension & Group Schemes Dept,
Mumbai Division-1
From India, Mumbai
5We want to apprise you about an excellent Group Insurance Scheme in lieu of EDLI (Employee's Deposit Linked Insurance Scheme) where your employees get insurance cover of Rs. 62,000 to Rs. 2, 00,000 with Zero cost.
Illustration:
(a) Let us say an employee with Rs. 15,000/- PF accumulation unfortunately dies. Under the EDLI Scheme (1976) of the EPF and MP Act, 1952 his beneficiaries would receive Rs. 15,000/- as death claim payment. But, if the employer subscribes to LIC’s GI Scheme in lieu of EDLI the beneficiaries would receive Rs. 62,000/- as death claim payment.
Our Other Schemes:
· Group Term Insurance Schemes
· Group Gratuity Scheme
· Group Super Annuation Scheme
· Group Savings Linked Insurance Scheme
· Group Leave Encashment Scheme
We would love to meet in person and suggest excellent schemes enhancing the Employee benefits and give you value for the money. Kindly let us know a suitable time to come and meet you.
Warm regards
Jaina Dagha
Cell: 9820551666 Email:
[IMG]http://mail.google.com/mail/?ui=1&view=att&th=121e29f9a0a4946b&attid=0.2&disp= emb&zw[/IMG]
LIC of India,
Pension & Group Schemes Dept,
Mumbai Division-1
From India, Mumbai
Hi! Iformative post, but I think that LIC must launch this kinds of online tools which helps people to get aware & help them to plan their insurance according to their need & budget. Have a look :-) Simple Insurance
From India, Bikaner
From India, Bikaner
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Group Insurance Scheme in Lieu Of EDLI.doc
E-returns for Pension and EDLI schemes 5.8.2011.pdf