Life Insurance Corporation of India - X The monthly remuneration

"RFP for Proposal regarding Engagement of Pre-IPO Transaction Advisors for Partial Disinvestment of Government of India’s equity shareholding in LIC is uploaded under Tender section." "Policy holders can submit Maturity claim documents by email till 31.07.2020" "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form" "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES" Basic Safety measures to fight against Coronavirus Disease(COVID-19) "For Life Insurance Policies whose premium fall due in MARCH and APRIL 2020, Additional Grace Period of 30 days is allowed." Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country. Also on ALL POSSIBLE digital modes through LIC website without any service charges. Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here Beware of Spurious Phone Call and Fictitious/Fraudulent Offers " FRAUDULENT RECRUITMENT ADs: BEWARE...! " Beware of fake / spurious calls - DOs and DONTs " Know your policy details through SMS to 'ASKLIC' (ASKLIC < policy no > PREMIUM/LOAN/BONUS/REVIVAL/NOMINATION) and send it to 9222492224 " Notice to Public regarding Combination of Products 'SMS "LICHELP < policy no >" and send it to 9222492224 or 56767877 for Policy Enquiry/Product Query/Registering of complaint under your policy

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X. The monthly remuneration received by its officers

X. The monthly remuneration received by its officers and employees including the system of compensation as provided in its regulations:

The remuneration received by each of its Officers and employees is available (click here for details)

The system of compensation is governed by following rules and regulations (Click here for details)
a. Pay scale of Chairman & Managing Directors.
b. LIC of India Class- 1 Officers(Revision of Terms & Conditions of service)Rules,1985.
c. LIC of India Class –III & CLASS –IV Employees(Revision of certain Terms and Conditions of service) Rules, 1985.
d. Wage Revision Amendment Rules Notification dated 14.01.2016.
e. LIC of India(Employees)Pension Rules,1995
f. LIC of India(Regulation of Superannuation)Rules,1987.
g. LIC of India Development Officers(Revision of Certain Terms and Conditions of Service Rules)1986
h. LIC of India Development Officers(Revision of Certain Terms and Conditions of Service Rules)1989
i. LIC of India Development Officers(Revision of Certain Terms and Conditions of Service Rules)2009
j. LIC of India Development Officers(Revision of Certain Terms and Conditions of Service Rules)2016
k. LIC of India CL III Employees(Spl allowance for passing examination) Rules, 1988
l. LIC of India (Spl allowance for In-House development of actuarial capability) Rule,2002.
m. LIC OF India Information Technology Specialist Group(Selection terms and conditions of service and payment of Allowance) Rules,2007.
n. LIC of India Class –III & CLASS –IV Employees (Payment of Kit Allowance) rules 1988
o. LIC of India(Daily Allowance & Hotel Charges to employees on tour) Rules,1989.
p. LIC of India(Special Area Allowance)Rules,1989
q. Scheme of Ex-gratia Relief to surviving spouse of pre 01.01.1986 retirees & employees died while in service prior to 01.01.1986.
r. DCPS Rules 2010

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Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021 IRDAI Reg No- 512

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