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Employee Benefit Plan

Employee Benefits Plan For Your Better Future!

Shriram Life Employee Benefit Plans - The Perfect Solution for Your Employees' Financial Needs 

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Shriram Life Employee Benefit Plans Coverages

Insurance Coverage

All Shriram Life Employee Benefit Plans provide coverage against the employee's premature demise. If the employee passes away during the policy tenure, an assured benefit is paid to the nominee to help them deal with the financial loss suffered. 

Other Coverages

Depending on the Shriram Life Employee Benefit Plan selected, coverage is also available for the following:

Benefit of Employee's Exit

A benefit is paid if the employee exits the group due to any reason except demise. This benefit is paid to the employer, who, in turn, pays it to the employee.

Superannuation Payment

The superannuation plan helps employers pay the statutory pension to their retiring employees. The plan pays the employer a lump sum benefit which the employer can use to pay suitable pensions to employees.

Gratuity Payment

The gratuity plan allows employers to pay the mandatory gratuity to their employees. The plan pays a lump sum amount to the employer who can, then, make the relevant gratuity payments as per prevailing laws.

Optional Riders

Shriram Life Employee Benefit Plans come with optional riders that help in enhancing the scope of the policy. Two optional riders are available under the Shriram Life Employee Benefit Plans and employers can select them at additional premiums. The available riders are as follows:

  • Shriram Life Accidental Death and Disability Rider

Under this rider, the rider sum assured is paid if the employee passes away or becomes permanently disabled due to an accident. 

  • Shriram Life Critical Illness Rider

This rider covers specified critical illnesses. If the employee suffers from any of the specified illness, the rider sum assured is paid in a lump sum.

Disclaimer

For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

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