Factors to Consider When Buying Shriram Life Employee Benefit Plans

Assess the type of coverage that is needed. While some plans fulfil statutory regulations, others help in providing enhanced benefits to employees. Organisations can assess the needs and then choose the relevant Shriram Life Employee Benefit Plan.

Contribution is the amount payable towards some Shriram Life Employee Benefit Plans. Employers are requested to ensure that the amount is feasible to avoid an impact on profitability. 

Shriram Life Employee Benefit Plans require premium payments. Organisations are requested to check the premium amount to ensure suitability, and they have the option to choose the instalment premium option if the plan allows it. 

Shriram Life Employee Benefit Plans provide tax benefits on the premium or contribution. Organisations are requested to understand these tax benefits to lower their tax liability. 

One of the Shriram Life Employee Benefit Plans come with optional riders. Organisations should assess if their employees need additional rider coverage or not. If they do, the rider option can be selected.