Offering group cover protects your employees and their families, strengthens your benefits package, and helps you meet obligations like gratuity. We set the scheme up with LIC and handle enrolment and renewals.
Group term life
A life-cover benefit for the families of covered employees — a high-value, low-cost staff benefit.
Gratuity funding
Fund your statutory gratuity liability in a planned way instead of paying lump sums when they fall due.
Superannuation & pension
Build a retirement corpus for staff and convert it into pension income.
A note on health cover
LIC’s standalone health plans are currently withdrawn from sale. Ask us about the right protection mix for your team within LIC’s group schemes.
Single point of contact
One person handles onboarding, additions and exits, and renewals across the scheme.
Compliance support
Help with the documentation these schemes require, kept straightforward.
Scheme structures, eligibility and benefit levels depend on your organisation and LIC's current terms — we work these out with you. This page describes the schemes rather than quoting figures.