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Product Information
Group Plans Edelweiss Group Employee Benefit Plan
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
This group product ensures that your employees’ retirement benefits are well managed with protection of capital and guaranteed return additions every quarter. 

Features:

fjrigjwwe9r3SDPrivInsuProd:Features
  • Life cover of Rs.1000/-
    A life cover of  Rs.1,000 for each member of the Policy. 
  • Deduction of business expense
    Contribution/ Premium paid by employer is deductible as business expense as per Income Tax Act 1961.
  • Provision of interest to be paid to member
    A non-zero positive additional interest rate, which is over and above the minimum floor rate, will be declared every quarter in advance.
  • Death:
    On account of unfortunate demise of Member: A fixed Sum Assured of Rs.1,000/- and Benefits, as per scheme rules, are payable.
  • Other than Death:
    On the Member retiring from the services or resigning from the services: Benefits, as per scheme rules, are payable. The Insurance Company’s maximum liability to make any payment under a Policy in respect of all members at all times shall be limited to the Policy Account Value.
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Entry Age (Last Birthday) Minimum: 18 Years
Maximum: 80 Years 
Maturity Age (Last Birthday) Maximum : 81 Years
Sum Assured Rs 1,000 Per Member
Group Size Minimum Group Size : 10 Maximum : No Limit
Initial Contribution Minimum : Rs.1,00,000/- Maximum : No Limit
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