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Sunday 24 September 2023

Family Pension under LIC(EMPLOYEES) PENSION RULES 1995

DEAR ALL LIC PENSIONERS AND FAMILY PENSIONERS 
 
(1)The Family Pension was payable at the rate of 30%, 20% or 15% of the last pay drawan at the retirement as applicable to the deceased employee or pensioner.
(2)In case the Emloyees dies while inservice or the pensioner dies after retirement but before the age of 65 years ,the Family Pension was payable double the Family Pension or 50% of the last drawn pay for seven years or upto the attained age of 65 years had the temployee/pensioner survived.

(3) Now with effect from 11.09.2023  as the Family Pension has been enhanced  at the Uniform rate of 30% without any ceiling, enhanced Family Pension would be restricted to 50% of last drawn pay (not the last 10 months average pay)in the circumstances mentioned under (2) above.

With regards,

R K SAHNI 

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