Employee Benefits Plan For Your Better Future!
Shriram Life Employee Benefit Plans - The Perfect Solution for Your Employees' Financial Needs
- Easy Claim Process
- Quick Disbursals
- Hassle-Free Purchase
Premium Components of Shriram Life Employee Benefit Plans
The Premium Components under Shriram Life Employee Benefit Plans consists of different components as discussed below:
This is the premium payable for the risk coverage available under Shriram Life Employee Benefit Plans which starts from ₹1,000. These plans provide a benefit on the employee's premature demise, and the risk premium is a major component of all plan premiums.
Certain plans provide pension and gratuity payments. These payments are savings elements for which a premium is paid. Thus, another component is the premium paid for creating savings.
Assured and regular interest earning on the contribution is available under certain Shriram Life Employee Benefit Plans. A part of the premium is directed towards these earnings.
Optional riders are available under some Shriram Life Employee Benefit Plans. Each rider requires an additional premium for the extra coverage.
An extra premium might be needed depending on the group's risk profile. Similarly, an additional premium is charged for selecting the instalment premium payment mode. These additional premiums fall under the loading category.