Dalmia Securities Private Limited

Group term solutions help provide affordable life cover to members of a group. The cover could be uniform or based on designation/rank or a multiple of salary, and can be extended to all employees between the ages of 18 and 65 years. The benefit under the policy is paid on the event of the member's death to the beneficiary nominated by the member. It is a one-year renewable policy where one master policy covers all proposed employees comprising the group which may be suitably modified depending on employees joining and leaving the organization.

Group Gratuity Insurance helps Employers fund their Gratuity Liability in a scientific and consistent manner without sudden pressure on their resources. Approved Gratuity Plans enable Employers to effectively plan taxes. The policy can be customized to include additional benefits apart from statutory requirements, if the organization so wishes. Thus the plan can be developed to build employee loyalty towards the organization.

It offers substantial benefits to both Employers and Employees. The employer and employee can avail tax benefits applicable to approved superannuation trusts. The Scheme will provide for a retirement fund for each participating employee. An employee would be able to choose from various annuity schemes and it will also provide benefit of partial commutation of superannuation benefits.

It is mandatory for each employer to make a provision for its liability towards leave encashment. Leave Encashment policies enable organizations to effectively address this issue on an on-going basis.

A part of Employers contribution to Provident Fund goes towards Edli. The Group Insurance Scheme through a Life Insurance Company provides a better alternative where the employees can get higher risk coverage at the same contribution amount, instead of directly contributing to Edli

This product is a hybrid between regular investment and Life insurance cover. The employer can provide the benefit of GSLI to its employees where the employees can opt to participate in this scheme by making a small monthly contribution from their salaries.

Human Resources are critical for the success of any organization. To recruit and retain the right talent, it is imperative to provide employees with adequate covers for critical illnesses. This rider can be taken in conjunction with any Group Policy.