Shriram Life Group Superannuation Plan (UIN: 128N064V01)
SHRIRAM LIFE GROUP SUPERANNUATION PLAN
Shriram Life Group Superannuation Plan (UIN: 128N064V01) is a non linked non participating variable fund based plan which can be taken by employers to manage the employee pension fund. The account can be maintained at an individual member level or at Master Policyholder level.
KEY FEATURES
Management and administration of Superannuation liabilities in a more efficient manner.
Assured Benefit on individual / pooled superannuation fund.
SMinimum guaranteed interest rate of 1% P.A. for entire term of the policy.
Additional interest credits at end of each quarter.
Tax Benefits as per prevailing tax laws to both Employee and the Employer of the group.
KEY BENEFITS
Retirement Benefits
On retirement of the member as specified in the scheme rules.
Death Benefit
Immediately on death of the member as per scheme rules.
ELIGIBILITY
| ENTRY AGE | Minimum 14 Yrs Maximum 74 Yrs (As on last birthday) |
|---|---|
| MATURITY AGE | Maximum 76 Yrs (As on last birthday) |
| CONTRIBUTION | As per the actuary’s certificate |
| MINIMUM GROUP SIZE | 10 Employees |
| POLICY TERM | 1 Yr (Annually Renewable) |
| MODE | Yearly |