The VRS scheme by CIL is not offering benefits to most of women employees as they are not eligible for the three conditions under this scheme. According to Coal India rule, a family member is required to be offered employment in case an employee is rendered unfit for work or dies in an accident. This rule has been followed prior to 2002 when after every five years, CIL (Coal India Limited) used to absorb the sons of women employees when they become adult. But this practice has been stopped by the management because of over satisfaction. In the last 12 years, there has been no such recruitment.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
Start Investing ₹10k/Month & Build a corpus of ₹1 Crore# on Retirement
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.