ABSLI Group Gratuity Plan

Summary Info

Insurance Company Birla Sun Life Insurance Company Ltd
Plan Name ABSLI Group Gratuity Plan
Plan Nature ULIP
Plan Category Gratuity Plan
UIN No. 109L009V03
About Plan Birla Sun Life Group Gratuity Plan solves Gratuity poblems in all respect. Gratuity beneifts are a statutory liability for any organisation and tend to increase annually as the salaries and tenure of employment increase. In the case of growing organizations, Gratuity benefits can work out to a substantial amount. If the employer pays the Gratuity benefit from its day-to-day operations it can become difficult to meet this liability on a sustainable basis. Therefore, it make sense to have a Gratuity Fund. Call it prudent financial planning that is beneficial both to the employer as well as the employee.

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