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LIC launches group post retirement medical benefit scheme

HYDERABAD: Life Insurance Corporation of India has introduced group post retirement medical benefit scheme.

It is a non-linked, non-participating, life, group savings insurance product and employers meet obligation for post-retirement medical benefit to their employees. It also offers a fixed life cover benefit to each member.

It is available for employers with 50 or more employees, a release said.

( Source : Deccan Chronicle. )
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