Group Plans
Edelweiss Group Employee Benefit Plan
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
This group product ensures that your employees’ retirement benefits are well managed with protection of capital and guaranteed return additions every quarter.
Features:
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- Life cover of Rs.1000/-
A life cover of Rs.1,000 for each member of the Policy.
- Deduction of business expense
Contribution/ Premium paid by employer is deductible as business expense as per Income Tax Act 1961.
- Provision of interest to be paid to member
A non-zero positive additional interest rate, which is over and above the minimum floor rate, will be declared every quarter in advance.
- Death:
On account of unfortunate demise of Member: A fixed Sum Assured of Rs.1,000/- and Benefits, as per scheme rules, are payable.
- Other than Death:
On the Member retiring from the services or resigning from the services:
Benefits, as per scheme rules, are payable. The Insurance Company’s maximum liability to make any payment under a Policy in respect of all members at all times shall be limited to the Policy Account Value.
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Entry Age (Last Birthday) |
Minimum: 18 Years
Maximum: 80 Years |
Maturity Age (Last Birthday) |
Maximum : 81 Years |
Sum Assured |
Rs 1,000 Per Member |
Group Size |
Minimum Group Size : 10
Maximum : No Limit |
Initial Contribution |
Minimum : Rs.1,00,000/-
Maximum : No Limit |