<h1>Finance Ministry Boosts LIC Agent Benefits: Higher Gratuity, Expanded Insurance, and Uniform Family Pension Rate.</h1> The Ministry of Finance has approved several welfare measures for Life Insurance Corporation of India (LIC) agents and employees. These measures include increasing the gratuity limit from Rs 3 lakh to Rs 5 lakh, enabling reappointed agents to receive renewal commissions, expanding term insurance coverage from Rs 3,000-10,000 to Rs 25,000-1,50,000, and establishing a uniform family pension rate of 30%. These changes aim to improve financial stability and benefits for over 13 lakh agents and more than 1 lakh regular employees, enhancing their working conditions and supporting their families.