Empower your workforce
with Shriram Life New
Group Gratuity Benefits
Shriram Life New Group Gratuity Coverages
The Shriram Life New Group Gratuity covers the following situations
In the event of the insured person's demise, their loved ones are financially protected
In addition to the basic life insurance cover, the plan also offers a Shriram Group Critical Illness Rider with an additional premium payment.
The gratuity and life insurance benefits are payable in the event of the member's demise as per the Group Policy holder's scheme rules.
Payment of Gratuity Benefits
The gratuity benefits are paid out of the policyholders' unit fund on request.
Payment of Insurance Benefits
The insurance benefits are paid directly to the nominee within a month of receipt of valid claim forms from the policyholder.