1. Capital Guaranteed Fund Management,
2. Claim Settlement,
3. Built in Insurance arrangement to take care of Gratuity provision for the employee’s future service i.e the full Gratuity amount is paid to the employee in case of death, irrespective of his completed service in the organisation.
4. All MIS related to IT authorities, Employer is provided by the Company

Rider Benefit available.

Key Benefits:

• On Retirement/Resignation/Termination: Higher of accrued Gratuity benefits payable.
• On Death: Higher of accrued Gratuity benefits payable + Basic SA + Rider SA opted if any, in case of death due to accident.
• On occurrence of Total Permanent Disability (TPD): Higher of accured Gratuity benefits + Rider SA if any, in case of TPD due to accident.

Special Feature:

1. Contributions and interest income earned are irreversible-thus safety & consistency of the Fund is ensured
2. Liquidity is 100% as this being maintained as an exclusive & single account
3. Competitive Yield
4. No responsibility on the part of Trustees on investment decisions
5. No hidden charges levied.
6. Actuarial recommendations by the Company on the Fund management
7. Provision of making Gratuity liability for the future services of employees, and payment of full Gratuity in case of death.
8. No suicide exclusion for the basic SA
9. IT Relief to both Employers & Employees
10. Flexibility in terms of switching over of Fund options

Companies recommended:

1. LIC of India, Kotak, SBI Life for their expertise, simple administrative process.

Procedure:

• Company to decide the group/category of members to be insured for Gratuity provisions
• To furnish the list to Company with details on members like Name, age, Date of Birth, Salary details, Designation, Employer code
• To get the quote from the Company & finalize
• Payment by cheque to the Company
• Comply with further requirements (CFRs) if any
• Receive confirmation from the Company on coverage
• At every year furnish the details of changes in the list like off & on to the Company, get the renewal quote and make the payment
• If claim arises furnish the details to the Company - receive claim cheque and pass it on to the member/family

Contact details:

• Group loyalty
• Optional additional cover to employees at nominal cost
• Flexibility of cover
• Simple & easy administration

Advantages to Employee / Member:

• Family Protection
• Low cost Insurance cover
• Simplified Underwriting procedures

Companies Recommended:

• LIC of India, Kotak Life, SBI Life, Aviva India, MNYL for their service, our experience in this regard

Procedures:

• Company to decide the group/category of members to be insured
• To furnish the list to Company with details on members like Name, age, Date of Birth, Salary details, Designation, Employer code, Company profile
• To get the quote from the Company & finalize
• Payment by cheque to the Company
• Comply with further requirements (CFRs) if any
• At every year furnish the details of changes in the list like off & on to the Company, get the renewal quote and make the payment
• If claim arises furnish the details to the Company with Death certificate of the member - receive claim cheque and pass it on to the family