GROUP GRATUITY PLAN
Are you running a scheme for your employees that offers benefits like Gratuity that will be payable in the future?
WHY THIS PLAN?
Are you running a scheme for your employees that offers benefits like Gratuity that will be payable in the future? Since such liabilities increase with time, it may become difficult to pay the benefits as you go. It is therefore beneficial that the employer sets up a separate fund from which these benefits may be paid out.
Aegon Life Insurance offers a unit-linked group gratuity plan that helps to fund the statutory gratuity obligation in a scientific manner and also avail of the tax benefits as applicable to approved gratuity funds.
The accrued Gratuity benefit is payable on cessation of employment due to death of a Member, as advised by the Policyholder in terms of t
Choice of multiple funds with a flexible investment pattern. Group Debt Fund & Group Equity Fund
While you have chosen a fund option, you have the flexibility of switching between our various funds at any time. Switching betwe
The contributions can be redirected for investments into fund/s of your choice and need not adhere to the initial investment patt
Portfolio Disclosure of the funds is done on a Quarterly basis. This enables you to achieve better fund management.
Tax benefits are as per the provisions of the Income Tax Act, 1961.
Minimum - 18 years age last birthday
Maximum - As specified in the scheme rule subject to maximum of 74 ye
Minimum - Rs 1,000 per member
Maximum - As defined in the scheme rule
Minimum - 1 year
Maximum - No limit, however for an individual member the term will be subject to a maximum &nbs
Contribution towards Gratuity benefit : Contributions towards Gratuity can be paid any time during the policy term as provided in the sch
Maximum Age: As specified in the scheme rule subject to maximum of 75 years age last birthday.
Minimum Life Insurance Premium: Depends on the total Sum Assured for all Member in Scheme.
Maximum Life Insurance Pr
Aegon Life Group Gratuity Plan UIN:138L033V02
A Unit Linked Policy is subject to different risk factors and the investments in the Segregated Funds are subject to fluctuations in financial markets and other risks. The Unit Price can go up or down depending on the factors and forces affecting the financial markets. The name of the concerned Segregated Fund does not indicate the quality and the past performance of the Fund and is not necessarily indicative of it’s future performance. The Segregated Funds chosen for investment under this Policy do not offer any guaranteed returns. The Investment risk in the investment portfolio is solely borne by the Policyholder
Insurance is the subject matter of the solicitation
Segregated Fund Identification Number (SFIN)
Group Debt Fund - ULGF00128/03/11GDEBT0138
Group Equity Fund - ULGF00228/03/11GEQUITY0138