"In this policy, the investment risk in investment portfolio is borne by the policy holder"

The Indian Government introduced the Payment of Gratuity Act in 1972. Generally gratuity accrues at a rate of 15 days last drawn salary per year of service for each employee or as defined by the trust deeds. Gratuity is payable immediately on cessation of employment, provided the employee has continuous service of at least five years. The five year provision does not apply on death or disablement of the employee. Gratuity by nature is a medium- to long-term liability of the employer and accordingly an appropriate medium- to long-term investment strategy should be adopted by trustees to match assets and liabilities.

Liability for your employees’ gratuity is often the trickiest thing to forecast accurately and manage well. While doing so you may come across some pertinent questions: What is my true liability for employees’ gratuity? How do I manage this liability? Am I maximizing my potential tax benefit? Am I rewarding my most valuable employees adequately? Am I matching long-term liabilities under Gratuity with my investment strategy? Are my Gratuity assets professionally managed?

We at Reliance Life Insurance Company Limited  can be of help to find answers to most of these very relevant questions. We can assist you to meet your obligations under the Payment of Gratuity Act while providing innovative solutions and delivering long-term results for your investment through our Reliance Life Insurance Group Gratuity Plus Plan. You can also transfer your existing gratuity liability managed under some other funds to Reliance Life Insurance Company Limited.

Reliance Life Insurance Group Gratuity Plus Plan

This is a unit linked group Gratuity product with nine different fund options, namely , Group Growth Fund, Group Balanced Fund, Group High Growth Fund, Group Pure Debt Fund, Group Money Market Fund, Group Corporate Bond Fund, Group Gilt Fund, Group Equity Fund, and Group Mid Cap fund

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for Reliance Llife Insurance Group Gratuity Plus Plan is 121L081V01. The names of the Fund Option viz Group Gilt Fund 2, Group Equity Fund 3, Group Corporate Bond Fund 2, Group Money Market Fund 2 and Group Balanced Fund 2 do not in any manner indicate the quality of the Fund Option or their future prospects or returns. The Fund Option(s) do not offer any guarantee or assure any guaranteed return;