KATHMANDU

The Indian insurance company LIC has increased the salary of employees by 17 percent. The company has increased the salary of Hungarian employees since August 2022. Now, LIC employees will receive an increased salary starting next month.

With the approval of the central government of India for the company’s proposal to increase salaries, the company will now bear an annual economic burden of 4,000 crore Indian rupees.

Similarly, the contribution of 24,000 employees appointed since April 1, 2010, to the national pension system has increased from 10 percent to 14 percent. The company has also informed us that the number of families benefiting from an increased pension has increased to more than 21,000, and the government has increased the number of family pensioners. This has had a positive influence on the employees and pensioners associated with LIC.

Furthermore, the company has also set a goal to establish an attractive employment center for LIC for new recruits in the future, as informed by Indian media.