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LIC hikes gratuity to Rs 3 lakh to retain its agents

LIC hikes gratuity to Rs 3 lakh to retain its agents

Monday, February 6, 2017, 5:24 PM

In order to encourage agents to do more business, Life Insurance Corporation has hiked gratuity for it’s over a million agents to Rs 3 lakh. The Corporation makes as much as 94% of its premium income, through its over 1.1 million agents. So far, the corporation has added 45,000 agents on a net basis this year.
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