Sir
LIC employees are given staff rebate of 10% in premium for policies purchased during service period.
This benefit is available only up to the date of retirement.This rebate from date of retirement to date of maturity [if it happens to be during retirement period] of policy is recovered from claim amount.
But in banks & Co-operative banks staff are given 1% extra interest against FD's purchased even after retirement.
When LIC is not paying any commission to agents against staff policies I think this benefit should continue to be paid even after retirement to the employees.
Employees Unions should take up this matter with management.
With regards
RK CHOPRA
PANCHKULA