Group Traditional Plan

Make fulfilling their promises a part of your business plan

Meet Advisor

Meet our Advisor

Your First Name

Email ID

Mobile Number

Pin Code

City

Where did you find out about us?

I agree that even if my contact number is registered with NDNC / NCPR, I would still want the Company to contact me on the given number and email id for the clarifications/product information sought by me and agree that I have read and understood the Privacy Policy and agree to abide by the same.

SUBMIT

About Group Traditional Plan

UIN: 136N014V02

A Non-Linked Non-Par Life/Pension Group Savings Insurance Plan which caters to needs of employers, trustees or group administrator who would like to fund their group member’s retirement and other welfare benefit schemes like gratuity, leave encashment, post retirement medical benefits or superannuation.
CLICK HERE for declared Interest Rates.

Product Parameters

This plan covers a wide variety of schemes like,

Defined Benefit (DB) – Gratuity, Leave Encashment, Superannuation and Post Retirement Medical Benefits
Defined Contribution (DC) – Superannuation

	Minimum	Maximum
Age at entry (last birthday)	Higher of 18 years Minimum age as per scheme rules	Lower of 79 years Maximum age as per scheme rules
Maturity Age (last birthday)	Not applicable	Lower of 80 years Maximum maturity age as per scheme rules
Group Size	10 members	No limit
Initial Contribution Defined Benefit Schemes Defined Contribution Schemes	₹ 50,000 per scheme ₹ 1,000 per employee per annum	No Limit

Why Buy

Composite solution to cater to the requirements of Gratuity, Leave Encashment, Post Retirement Medical Benefits and superannuation to the employees as per scheme rules
No medicals are required
Funds will be invested and managed in an efficient manner aiming to provide stable and safe returns
At the end of every financial year, the interest rates are declared in arrears as per Board Approved Interest Rate & Expense Policy. The interest amount (based on the weighted average Scheme Account value and the interest rate as declared by the Company) will be added to the Scheme Account of the Master Policyholder
Avail Tax Benefits as per the prevailing Tax laws and the same are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

Product Brochure POLICY CONTRACT Product Information

MORE DOWNLOADS

Benefits

Benefits

The benefits on various events will be based on a pre-defined formula as prescribed in the scheme rules and are payable as here under:

Death benefit: The death benefit as per the scheme rules will be paid from the Scheme Account to the beneficiary. Additionally, we will pay the sum assured of Rs. 1,000 as death benefit
Resignation: On resignation, the benefit amount as per the scheme rules will be paid from the Scheme Account to the member
Retirement: On retirement the benefit amount as per the scheme rules will be paid from the Scheme Account to the member
In case of any other event as per scheme rules (as agreed at the inception of contract with Master Policyholder), the benefit will be paid from the Scheme Account
In case of DC schemes, there shall be an assured benefit that shall be applicable on each of such individual accounts wherein the absolute amount to be paid on maturity shall result in non-zero positive return