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Star Union Life Group Leave Encashment Scheme

Summary Info

Insurance Company  Star Union Dai-Ichi Life Insurance Co Ltd 
Plan Name  Star Union Life Group Leave Encashment Scheme 
Plan Nature  TRADITIONAL 
Plan Category  Leave Encashment Plan 
UIN No.  142N017V01 
About Plan  SUD Life's Group Leave Encashment Scheme helps employers by providing scientific funding for this liability. The organization will submet data of its employees and rules of Leave Encashment to SUD Life. SUD Life wil conduct an actuarial evaluation in respect of leave encashment liability and determine the funding requirements which will be furnished to the organization. The company will maintain a running account for each scheme, and th contributions net of risk premium will be credited to this account. The funds of all the running accounts will be pooled and invested by SUD Life and interest will be declared at the end of each year based on earnings net of expenses. 

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