Life Insurance

Group leave Encashment

Overview

• Leave encashment is a benefit offered by you to your employees, in which an employee can accumulate his or her leaves over a period of time.


• The accumulated leaves are paid in lump sum to your employees once they are no longer a part of your organization.


• In the absence of the employee, this amount is given to his or her loved ones. This payment is made as per the guidelines set by you

Features

• This plan gives you the opportunity to earn potentially better returns and helps you build a leave encashment pool.


• The wealth created by the plan can be used to make leave encashment payment claimed by the employees on exit.

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