SUD Life Group Employee Benefit Plan

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SUD Life Group Employee Benefit Plan

Ensure your employees' well-being with the SUD Life Group Employee Benefit Plan. Tailored coverage for health, life, and more, promoting workplace wellness.

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Details for SUD Life Group Employee Benefit Plan

The SUD Life Group Employee Benefit Plan provides comprehensive health and life insurance benefits to employees. It promotes workplace wellness, offering coverage for health emergencies, accidents, and life protection. With affordable premiums and customizable options, it ensures peace of mind for both employers and employees.

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Sum Assured

5,000/- to 200,00,00,000/-

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Age

Not available

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Premium Payment Term (Mode)

Not available

Policy Tenure

  • For Life Cover ; Life Cover + Accelerated Accidental Total & Permanent Disability (AATPD); Life Cover + Accidental Death Benefit (ADB) ; Life Cover + AATPD + ADB Min 2 to Max 30 Years
  • Life Cover with Accelerated Critical Illness (ACI ) Min 6 to Max 30 Years

Additional Benefits

  • For Accelerated Critical Illness (ACI) is 1 Cr
  • For Accelerated Accidental Total & Permanent Disability (AATPD) is 2 Cr
  • For Accidental Death Benefit (ADB) is 2 Cr
  • Gratuity, Leave Encashment: Benefit is payable in accordance with the scheme rules of the employer, subject to a maximum of the Policy Account Value.
  • Superannuation: Amount payable as per Scheme rules. Member (Employee) can purchase an annuity out of the available annuity options from SUD or any one of the insurer with whom the Master policyholder maintains superannuation funds, with or without commutation.
  • Post-Retirement Medical Benefit
  • Gratuity, Leave Encashment and Post-Retirement Medical Benefit: Benefit is payable in accordance with the scheme rules of the employer, subject to a maximum of the Policy Account Value. An additional benefit of Rs.5,000 is payable per member. The insurance cover is compulsory for Gratuity, Leave Encashment and Post-Retirement Medical Benefit.
  • Superannuation: Amount payable as per Scheme rules. Nominee can purchase an annuity out of the available annuity options from SUD or any one of the insurer with whom the Master Policyholder maintains superannuation funds, with or without commutation.

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