The plan also offers Life Cover Benefit so that in case of death of a group Member an amount equal to Sum Assured in respect of that Member will be paid. The ...

Guaranteed interest rate; Built in Insurance arrangement for the employees for future service; Insurance cover for future service gratuity; Fund management ...

Cover can be equal to the gratuity payable for anticipated service. Alternatively, the company can also choose for each member a uniform level of cover.

Benefits payable on retirement/ Leaving Service: On retirement of a Member, the Gratuity Benefit shall be payable as specified in the scheme rules. However, the ...

This plan helps to meet the employer's obligation for statutory Gratuity Benefit to their employees. The plan also offers Life Cover Benefit so that in case of ...

The Group Gratuity Cash Accumulation Plan is a non participating plan and will not participate in the profits of the Corporation. 22. For Claiming the Term ...

12 авг. 2024 г. · A group gratuity insurance is a must for all small or large organizations. It is a policy that saves any institution from upcoming liability in the future.

The plan further helps the employers accumulate funds to pay off a gratuity benefit to long-term loyal employees. Key Features. The life cover ensures that the ...

The group gratuity scheme gives the employer a chance to set aside predetermined funds for the employees. To pay off the debt owed to the workers who are ...

The Group Gratuity Scheme creates gratuity benefits for employees. It can also provide death benefits and financial security to family members of employees ...