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Group Plans Reliance Nippon Life Group Gratuity Plus Plan

Synopsis:

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meet your obligations under the Payment of Gratuity Act while providing innovative solutions and delivering long-term results for your investment through our Reliance Group Gratuity Plus Plan. You can also transfer your existing gratuity liability managed under other funds to Reliance Life Insurance Company Limited.

Benefits:

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Key Benefits:

The exact benefits in a scheme under this plan will depend on the individual employer’s gratuity scheme. Generally, the contingencies for benefit payment and the benefit level will be as given below:

Retirement of the employee – Broadly, this benefit is equal to 15 days’ salary at the time of retirement for each year of past service of the retiring employee, and may be subject to a maximum of Rs. 10,00,000
Death/disability of the employee in service– Broadly, this benefit is equal to 15 days salary at the time of death for each year of past service of the employee up to the time of death / disability, and may be subject to a maximum of Rs. 10,00,000. The death benefit, is subject to a minimum of Rs. 1,000 for each member. An insurance risk premium will be charged for the death benefit. The death cover ceases immediately on a member leaving a scheme
Resignations/early termination of service of the employee – Broadly, this benefit is equal to 15 days’ salary at the time of resignation of the employee for each year of past service up to the time of his resignation, and may be subject to a maximum of Rs. 10,,00,000, provided the employee has completed at least five years of service
Surrender/Discontinuance of policy – If the employer / trustees decide to surrender their policy or the policy becomes discontinued because of deficit in the fund, Reliance Life Insurance Company Ltd. will pay a surrender/discontinued benefit equal to the fund value minus the surrender/discontinuance charges, if any

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Disclaimer of Warranties

This site is the responsibility of www.joinliccoimbatore.com

We want you to

feel comfortable using our web sites
feel secure submitting information to us
contact us with your questions or concerns about privacy on this site
know that by using our site you are consenting to the collection of certain data

web server and stored on your hard drive
an IP address, assigned to the computer which you use
the domain server through which you access our service
the type of computer you're using
the type of web browser you're using

We may collect the following personally identifiable information about you:

name
email address
ZIP/Postal code
demographic profile (like your age, gender,occupation and education);
financial information (like annual income or insurance policy number); and
opinions of features on our websites.

help us provide personalized features
tailor our sites to your interest
get in touch with you when necessary

We use contact information internally to:

direct our efforts for product improvement
contact you as a survey respondent
notify you if you win any contest; and
send you promotional materials

Generally, we use anonymous traffic information to:

remind us of who you are in order to deliver to you a better and more personalized service from both an advertising and an editorial perspective
recognize your access privileges to our Web sites
make sure that you don't see the same ad repeatedly
help diagnose problems with our server
administer our Web sites
track your session so that we can understand better how people use our sites

With whom will your information be shared?

We will not disclose any of your personally identifiable information to third parties unless:

we have your permission
special circumstances such as compliance with legal authorities
require disclosure

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