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LIC's Gratuity Plus

Unit Linked Gratuity Plan

Gratuity fund for employees

Instead of allowing gratuity earn a fixed yield, employers can link it to the performance of  the capital market

Features (as promised by LIC)

Attractive returns

Flexibility of  funding - both past and future liability

Built-in insurance cover for employees with auto cover

Choice of four funds

Facility of  switching between funds

No hidden costs

No bid-offer spread

Low management charges

Insurance is the subject matter of solicitation

.(October 2007)