Employee Benefits Plan For Your Better Future!
Shriram Life Employee Benefit Plans - The Perfect Solution for Your Employees' Financial Needs
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Shriram Life Employee Benefit Plans Coverages
Insurance Coverage
All Shriram Life Employee Benefit Plans provide coverage against the employee's premature demise. If the employee passes away during the policy tenure, an assured benefit is paid to the nominee to help them deal with the financial loss suffered.
Other Coverages
Depending on the Shriram Life Employee Benefit Plan selected, coverage is also available for the following:
Benefit of Employee's Exit
A benefit is paid if the employee exits the group due to any reason except demise. This benefit is paid to the employer, who, in turn, pays it to the employee.
Superannuation Payment
The superannuation plan helps employers pay the statutory pension to their retiring employees. The plan pays the employer a lump sum benefit which the employer can use to pay suitable pensions to employees.
Gratuity Payment
The gratuity plan allows employers to pay the mandatory gratuity to their employees. The plan pays a lump sum amount to the employer who can, then, make the relevant gratuity payments as per prevailing laws.
Optional Riders
Shriram Life Employee Benefit Plans come with optional riders that help in enhancing the scope of the policy. Two optional riders are available under the Shriram Life Employee Benefit Plans and employers can select them at additional premiums. The available riders are as follows:
- Shriram Life Accidental Death and Disability Rider
Under this rider, the rider sum assured is paid if the employee passes away or becomes permanently disabled due to an accident.
- Shriram Life Critical Illness Rider
This rider covers specified critical illnesses. If the employee suffers from any of the specified illness, the rider sum assured is paid in a lump sum.