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Empower your workforce
with Shriram Life New
Group Gratuity Benefits

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Shriram Life New Group Gratuity Eligibility and Documents Required

Age Criteria Minimum: 14 years (age last birthday) Maximum: 74 years (age last birthday)
Maximum Maturity Age: 75 years (age last birthday)
Policy Term 1 Year (Annually renewable)
Premium Payment Mode Yearly, Half-yearly, Quarterly, Monthly
Eligible Groups Employer-employee groups
Minimum Life Insurance Cover Minimum: ₹1,000 Maximum: No limit, subject to underwriting considerations as per Board approved underwriting policy and reinsurance capacity
Contribution As per the Actuary's certificate in accordance with AS-15 submitted by the Group policyholder

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

The Trade Logo displayed above belongs to Novac Technology Solutions (“Novac”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.