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SUD LIFE GROUP RETIREMENT BENEFIT PLAN
UIN: 142L049V01 A Non-Participating Group Unit Linked Insurance Plan
A group retirement benefit solution ensures availability of funds to meet your company’s obligations on retirement of your employees and helps you motivate your workforce by providing security and financial stability to their family.
BENEFITS
- Fixed Sum Assured of Rs.1,000/- per Insured Member
- Nominal Charges to ensure that you make the most of the returns from the investment funds
- Flexibility to redirect contribution and switch between funds
- Income Tax Benefits as applicable
- As an employer, it would be beneficial for you to have an effective and systematic plan to manage your funds for the gratuity obligation and the leave encashment benefits
SUD LIFE GROUP RETIREMENT BENEFIT PLAN
Policy Term (Years) 1 year. At the end of one-year term, the master policy can be renewed
SUD LIFE GROUP RETIREMENT BENEFIT PLAN
Fixed Sum Assured of Rs.1,000/-per Insured Member
SUD LIFE GROUP RETIREMENT BENEFIT PLAN
Disclaimer Bank of India is a registered Corporate Agent (IRDAI registration no. CA0035) for Star Union Dai-ichi Life Insurance Company (SUD Life) and does not underwrite the risk or act as an insurer. Participation by the Bank’s customer in the Insurance products is purely on a voluntary basis. The contract of Insurance is between SUD Life and the Insured and not between Bank of India and the Insured. This policy is underwritten by SUD Life Insurance Company. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
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