Life Insurance

Group Superannuation

Overview

• Superannuation is one of the most important retirement benefits for your employees.


• It allows them to save a portion of their income during their employment at your organization.


• These savings help them take care of their financial requirements post-retirement, be it their medical needs or other expenses.

Plan Options

This plan offers you two schemes

Defined Benefit

• If you select the Defined Benefit Superannuation scheme, the benefits payable to the employee on retirement are decided upfront.


• Here, you as an employer pay the premiums for superannuation.


• The premiums are then invested by us and the wealth pool created under the plan is used to make claim payments on employee exits.


• The accumulated wealth can also be used to purchase an Annuity plan that would provide periodic pay-outs to the employee for life.

Defined Contribution

• If you select the Defined Contribution Superannuation scheme, a fixed amount or a pre-decided percentage of every employee's salary is periodically paid as premiums towards their superannuation kitty.


• The premiums are then invested by us and accumulate up to the employee’s exit.


• The accumulated wealth is then used to purchase an Annuity plan that would provide periodic pay-outs to the employee for life.

Note : Policy details offered are indicative, not exhaustive. Please contact your nearest Arunaya office for further details.