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New Group Gratuity Plan

Your Ultimate Guide to Shriram Life New Group Gratuity Plan

Your Ultimate Guide to Shriram Life New Group Gratuity Plan

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Premium Components of Shriram Life New Group Gratuity

The Shriram Life New Group Gratuity plan provides a cost-effective solution for funding gratuity liability while offering tax benefits. It is a unit-linked non-participating group insurance plan that offers comprehensive coverage. The premium paid for the plan can be divided into the following components:

Gratuity

Gratuity

The premium paid towards gratuity is aimed at meeting the future viability of an organization towards the gratuity payable to its employees.

Life Insurance Coverage

Life Insurance Coverage

The policyholder has the flexibility to opt for life insurance coverage as per their needs and requirements.

Rider Coverage (add-ons):

Rider Coverage (add-ons):

Besides the basic life insurance cover, the plan also offers additional protection through riders like Shriram Group Critical Illness Rider for which an additional premium needs to be paid.

This is ideal for Employers looking for New Gratuity fund setups, self-managed gratuity funds, or existing gratuity funds managed by another life insurance company looking to transfer to Shriram Life.

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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