Pension & Group Schemes

Group Insurance covers a group of lives under one contract. It can be employer- employee group or any other homogeneous group formed for purposes other than obtaining insurance.

In addition to providing group insurance cover, the P&GS Department also offers Fund management services to the Employer Group through its dedicated Gratuity, Superannuation and Leave Encashment schemes. It provides customized solutions to the customers at a group level. It is also the Annuity Provider for the employees who are retiring or exiting the company.

The Department provides customized insurance/ benefit administration schemes specifically designed as per respective governments – State and Central.
 

"Format of Existence Certificate for Group Annuities"(386 KB)

 

 

P&GS Products

Sr. No.	Product Name	UIN No	Policy Document	Sales Brochure
1	LIC's New Group Superannuation Cash Accumulation Plan	512N274V03	PDF(266 KB)	PDF(217 KB)
2	LIC's New Group Gratuity Cash Accumulation Plan	512N281V03	PDF(2.3 MB)	PDF(212 KB)
3	LIC's New Group Leave Encashment Plan	512N282V03	PDF(2.4 MB)	PDF(212 KB)
4	LIC's Group Credit Life Insurance	512N302V01	PDF(280 KB)	PDF(832 KB)
5	LIC's Single Premium Group Insurance	512N298V01	PDF(151 KB)	PDF(161 KB)
6	LIC's New One Year Renewable Group Term Assurance Plan I	512N275V01	PDF(166 KB)	PDF(74 KB)
7	LIC's New One Year Renewable Group Term Assurance Plan II	512N276V01	PDF(165 KB)	PDF(75 KB)
8	LIC's One Year Renewable Group Micro Term Assurance Plan	512N335V01	PDF(194 KB)	PDF(94 KB)
9	Group Immediate Annuities	512N049V01	-	-
10	Pradhan Mantri Jeevan Jyoti Bima Yojana	512G300V01	-	-

 

 

Withdrawn P&GS Products

Sr. No.	Product Name
1	GMRA Scheme (UIN : 512N219V01)(113 KB)
2	Gratuity Plus(74.9 KB)
3	Group Flexi Income Plan(66 KB)