Dear All,
1)Yesterday evening,I saw in WhatsApp from Sri NDMehrotra, VP,AIRIEF, Jaipur addressed to me that LIC Board Meeting took place & Group Insce to Retired employees has been approved.He had requested me to find out from LIC CO
2)I tried many times even Mobile No of ED P& GS,CO, ringing but no response
Even if it is Sunday today , I tried,got him on line, he responded
3)Information will be correct, but for the time being can be taken to be tentative
RETIREES Age Group Amount of GI
60-65 yrs ---- Rs50 lacs
65-70 yrs ------------ Rs25 lacs
70-75 yrs-------------Rs15 lacs
Over Age 75 ------------ NIL
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4) I enquired about premium .He mentally calculated & said it will be app Rs3 per thousand cover. So, may be Rs15,000 Yearly for 1st Group
He clarified that only because of cross -rebooting with employees, it is this premium to be paid yearly .Otherwise, it would have been fabulous premium
He is going along with both MDs to Delhi for 2/3 days, for finalising GI to CG Employees & after return CO Circular with full details will be issued,presumably in 10/12 days, he added
Though at 60-65 retirees are virtually with employees at that age, afterwards, perceptible decline by 50% is noticed, ie Rs 50 lacs to Rs 25 lacs to Rs 15 lacs for the 3 age groups mentioned above
R.B.KISHORE
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