Question
The Finance ministry has approved the enhancement of gratuity limit for Life Insurance Corporation (LI
- C agents.Which of the following statements is/are true regarding this information- I.The Finance ministry has approved the enhancement of the gratuity limit from Rs 3 lakh to Rs 8 lakh for Life Insurance Corporation (LI
- C agents benefitting more than 1.3 million of them. II.The ministry also increased the term insurance cover for agents from the existing Rs 3,000-10,000 to Rs 25,000-1,50,000. III. With regard to LIC employees, the ministry has also approved family pension at a uniform rate of 10 percent for the welfare of families.
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