Agents are entitled to get the gratuity at age 60/65 years after serving for minimum 15 years. At present the Maximum Gratuity amount payable is 10,00,000/- depending up on the amount of renewal commission paid during last 15 years before age 60.
LIC or Life Insurance Corporation of India is among the most established and plainly the biggest life safety net provider in India. It is an administration claimed insurance agency. Set up in 1956, LIC was framed by alliance of 243 insurance agencies and it has become the most believed extra security brand in India.
