• Master Policyholder: Employer/Trustees

• Coverage: The minimum group size is 10 members

• Entry age: 18 to 74 years (last birthday)

• Minimum Contribution: Rs 1,00,000 at inception

• Minimum Sum Assured : Rs 1,000 per employee

• Maximum Sum Assured: Rs 1 Crore per employee

• Premium Payment Frequency: Annual, Half Yearly, Quarterly or Monthly

• Reinstatement period: 5 years from date of lapse, post which the scheme gets terminated

• Riders Available: Group Permanent Total Disability (PTD) Rider (UIN: 122C009V01), Group Double Accident Benefit (DAB) Rider (UIN: 122C006V01)

• Mortality and Rider Premium: These will be payable separately from the Contribution

• Funds available:                        Pension Cash Fund (ULGF00531/03/2006GROUPCASHF122), Pension Debt Fund (ULGF00310/03/2006GROUPDEBTF122), Pension Secure Fund (ULGF00113/07/2005GROUPSECUR122), Pension Growth Fund (ULGF00410/03/2006GROUPGROWT122), Pension Balanced Fund (ULGF00210/03/2006GROUPBALAN122), Pension Short Term Debt Fund (ULGF00613/02/2009GROUPSDEBT122), Pension Income Fund (ULGF00728/03/2011GROUPINCOM122)

Retirement, resignation / termination of employment of employee:

The Master Policyholder will be paid an amount equivalent to the amount payable to the employee as per the Gratuity Rules of the company by canceling the units of equivalent amount from the Master Policyholder's account.

Death Benefit:

In case of death of the insured employee, the sum assured will be paid to the master policyholder, who in turn, will settle the account with the beneficiary of the insured employee. If the master policyholder opts for DAB rider, an additional amount equal to the Sum Assured shall be paid in case of accidental death of the insured employee.

In case PTD rider has been opted for and the insured employee suffers from Total Permanent  Disability then the rider sum assured will be paid and membership will cease thereafter.

Tax Benefits

Tax benefits are as per the provisions of the Income Tax Act, 1961. Tax laws are subject to change.

·         Allocation Charge

·         Fund Management Charge

·         Mortality Charge

·         Surrender Charges