LIC GROUP MEDICLAIM SCHEME GUIDE

LIC GROUP MEDICLAIM SCHEME GUIDE 


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Friday, 2 October 2015

IR according to LIC Calculations as at 31/7/2015

The table and the chart are attached(as at 31/7/2015).
Kind regards.
C H Mahadevan

Dear Shri Mahadevan,
I have also calculated the 20% IR  as per LIC METHODOLOGY on the basic pension shown in your chart as per my formula of multiplying the difference of DR per slab on the existing basic pension and the revised basic pension [in respect of retirees between 01.08.1992{01.04.1993 for Class I & Class II Employees} and 31.07.1997] by 78324[being the total no. of slabs from 01.08.1997 to 31.07.2015 for Group III retirees] and dividing the figure so arrived by 5.
IR= 1/5[78324XDIFF OF DR PER SLAB]
I ATTACH THE CHART IN EXCEL WHICH CONTAINS BOTH YOUR CHART AS WELL AS MINE CALCULATIONS.
With regards, 
R K SAHNI