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Shriram Life Group Traditional Employee Benefits Plan Coverages
Life cover
The group policyholder pays the employee benefits as per the scheme rules. A request is made so that payment can be made to the employee. The amount paid is debited from the policy account subject to the maximum available in the policy account. Life insurance cover of ₹1,000 is also paid.
In case of an exit other than the demise of the member
In this case, again an amount requested by the group policyholder will be paid so that they can pay employee benefits as per the scheme rules.