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New Group Gratuity Plan

Empower your workforce
with Shriram Life New
Group Gratuity Benefits

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FAQs for Shriram Life New Group Gratuity

What is Shriram Life New Group Gratuity?

Shriram Life New Group Gratuity is a life insurance and gratuity plan that offers coverage in the event of the policyholder's demise, and provides additional benefits such as the Shriram Group Critical Illness Rider with an additional premium payment.

What are the eligibility criteria to buy the Shriram Life New Group Gratuity?

To buy the Shriram Life New Group Gratuity, the policyholder must be between 14 to 74 years old and be a part of an employer-employee group with a minimum of 20 employees.

What are the documents required to apply for Shriram Life New Group Gratuity?

The policyholder must provide identity and age proof, address proof, and recent passport-size photographs to apply for Shriram Life New Group Gratuity.

What is the minimum life insurance coverage for Shriram Life New Group Gratuity?

The minimum life insurance cover for Shriram Life New Group Gratuity is ₹1,000 with no maximum limit, subject to underwriting considerations.

Is it possible to download Shriram Life New Group Gratuity documents online?

It is possible to download Shriram Life New Group Gratuity documents, including the policy brochure, presentation and document, and Premium Paid Certificate, online from the website www.shriramlife.com

How can I download the Premium Paid Certificate for Group Gratuity Scheme?

To download the Premium Paid Certificate for Group Gratuity Scheme, enter your Policy Number, Date of Birth, select the Financial Year, and then click on 'Proceed' to download the digital copy.

How can I get the Shriram Life New Group Gratuity document offline?

To get the Shriram Life New Group Gratuity document offline, visit the nearest company branch and seek assistance from an executive.

What is the policy term for Shriram Life New Group Gratuity?

The policy term for Shriram Life New Group Gratuity is annually renewable.

What is the maximum age for maturity for Shriram Life New Group Gratuity?

The maximum age for maturity for Shriram Life New Group Gratuity is 75 years.

What is the premium paying term for Group Gratuity Scheme?

The premium paying term for Group Gratuity Scheme is equal to the chosen policy term.

What is the minimum group size for Shriram Life New Group Gratuity?

The minimum group size for Shriram Life New Group Gratuity is 20 employees.

What is the contribution of Shriram Life New Group Gratuity?

The contribution for Shriram Life New Group Gratuity is as per the Actuary's certificate by 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

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