Most employers have a statutory obligation to pay a gratuity to its employees on termination of employment. This gratuity is in the form of a one-off payment made on termination of employment. It depends on salary and number of years of service, so will therefore increase with time. The HDFC Group Unit Linked plan is a new and innovative unit-linked plan, which offer employers and gratuity scheme trustees a flexible and cost effective way to fund this gratuity liability. The plan helps a corporate by:
Building a fund systematically, which will be used to meet your future gratuity liability
Providing the opportunity to maximise investment returns and thus provide the benefit in a cost-effective manner
One factor that helps you to maximise the investment returns is low charges. Our charges are the lowest in the industry and therefore can improve your long-term returns.
For policies issued on or before 28/03/2006
Download Forms for GROUP UNIT LINKED PLAN - GRATUITY
