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SUD Life Group Retirement Benefit Plan

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.

Presenting SUD Life Group Retirement Benefit Plan for all Employer-Employee groups to effectively manage your employees gratuity and/or leave encashment.

Get market-linked returns on your investment through a choice of 4 investment funds

Nominal Charges to ensure that you make the most of the returns from the investment funds

Get complete flexibility in payment of contributions

Flexibility to redirect contribution and switch between funds

Income Tax benefits as applicable

How does it Work:

The Master Policyholder has to pay the contributions towards the Gratuity/Leave Encashment liability.
The Master Policyholder invests the contributions in the chosen funds out of the 4 investment fund options offered under SUD Life Group Retirement Benefit Plan. The units are allocated post the receipt of contributions.
On retirement/resignation we will redeem the units in the investment funds to pay the gratuity/leave encashment benefit. In case of death of an insured member a fixed sum assured will be paid along with gratuity/leave encashment benefit.

Entry age -

Minimum-18 years
Maximum– 79 years

Maximum Maturity Age- 80 years

Policy Term-1 year(renewable)


Min: Rs. 1,00,000/-
Max: No limit (subject to AS15 (Revised) certificate issued by the Actuary).

Group Size -

Min: 10 members
Max: No Limit.

Fixed Sum Assured of Rs.1,000/- per Insured Member.

Mode of Contribution - Yearly, Half-Yearly, Quarterly or Monthly

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