Group Employee Benefit Insurance Plan For Retirement Benefits

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Group Insurance For Employees Retirement Benefit

A plan that caters to the need of employees’ retirement 

This group product ensures that your employees’ retirement benefits are well managed with the protection of capital and guaranteed return additions.This group product ensures that your employees’ retirement benefits are well managed with protection of capital and guaranteed return additions every quarter.

UIN No: 147N029V02


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Benefits so good, they have to be true!

Benefits to the Policyholder

Benefits to the Policyholder

A minimum guaranteed Interest rate (minimum floor rate) of 0.5% per annum for the entire term of the policy credited on the balance of the policy account at the beginning of each quarter.

A non - zero positive additional interest rate, which is over and above the minimum floor rate, will be declared every quarter in advance.

Protects against the unforeseen circumstances of benefit payments under employee benefit scheme, such as Gratuity, Leave Encashment benefit payouts etc.

Contribution/ Premium paid by employer is deductible as business expense as per Income Tax Act 1961.

Benefits to the Policyholder

A minimum guaranteed Interest rate (minimum floor rate) of 0.5% per annum for the entire term of the policy credited on the balance of the policy account at the beginning of each quarter.

Benefits to the Policyholder

Benefits to the Policyholder

A minimum guaranteed Interest rate (minimum floor rate) of 0.5% per annum for the entire term of the policy credited on the balance of the policy account at the beginning of each quarter.

A non - zero positive additional interest rate, which is over and above the minimum floor rate, will be declared every quarter in advance.

Protects against the unforeseen circumstances of benefit payments under employee benefit scheme, such as Gratuity, Leave Encashment benefit payouts etc.

Contribution/ Premium paid by employer is deductible as business expense as per Income Tax Act 1961.

Benefits Payable to the Member

A monetary benefit is due to the member based on certain stages

Benefits Payable to the Member

Benefits Payable to the Member

Death:

On account of unfortunate demise of Member: A fixed Sum Assured of Rs.1,000/- and Benefits, as per scheme rules, are payable.

Other than Death:

On the Member retiring from the services or resigning from the services:

Benefits, as per scheme rules, are payable. The Insurance Company’s maximum liability to make any payment under a Policy in respect of all members at all times shall be limited to the Policy Account Value.

Guaranteed Interest Credit to the Policy Account Value:

Please refer to the sales brochure for details

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

What is the minimum and maximum entry age?
The minimum and maxi..

Entry age:

Minimum: 18 years

Maximum: 80 years 

What is the maximum maturity age?
The maximum..

The maximum maturity age is 81 years.

The minimum and maximum initial contribution for the plan is?
The minimum and maximum initial contribu...

Minimum : Rs.1,00,000/-

Maximum : No limit

What is the minimum and maximum group size to buy this product?
For this product, the group size...

For this product, the group size should be 

Minimum Group size : 10

Maximum : No limit

What is the minimum and maximum Sum Assured?
The sum assured for this group product is...

The sum assured for this product is Rs 1,000 per member

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Additional resources

Product brochure view & download pdf
Sample contract view & download pdf
Product disclaimer read more