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Master Proposal Form for Exile Life Group Gratuity Product (Unit Linked) MASTER PROPOSAL NUMBERPROPOSAL FORM IMPORTANT NOTES TO THE PROPOSER: 1. Please fill the Proposal form in BLOCK LETTERS and
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How to fill out exide life group gratuity

01
To fill out Exide Life Group Gratuity, follow the steps below:
02
Begin by providing the policyholder's personal details such as name, address, and contact information.
03
Next, provide the details of the group members eligible for the gratuity scheme.
04
Enter the contribution details for each member, including their designation, date of joining, and salary details.
05
Fill in the nomination details, including the nominee's name, relationship, and percentage of benefit.
06
Provide the bank account details for the gratuity payouts.
07
Submit any supporting documents, if required.
08
Review all the entered information carefully before submitting the form.
09
Finally, sign and date the form to complete the process.
10
Keep a copy of the filled form for future reference.

Who needs exide life group gratuity?

01
Exide Life Group Gratuity is required by employers or organizations that want to provide a gratuity scheme for their employees.
02
It is specifically beneficial for companies or establishments with a significant number of employees seeking to create a retirement benefit plan.
03
This scheme provides financial security and a lump sum amount to eligible employees when they retire, leave the company, or in the event of their demise.
04
Group gratuity ensures a sense of financial stability and acts as a motivation for employees to remain committed and loyal to the organization.
05
Employers who prioritize employee welfare and retention often opt for Exide Life Group Gratuity to attract and retain skilled professionals.
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Exide Life Group Gratuity is a retirement benefit plan provided by Exide Life to its employees, where a lump sum amount is paid to employees at the time of retirement.
Exide Life Group Gratuity is filed by the employer for the employees who are covered under the plan.
To fill out Exide Life Group Gratuity, the employer needs to gather all relevant employee information, calculate the gratuity amount, and submit the required documents to Exide Life.
The purpose of Exide Life Group Gratuity is to provide a financial security net for employees post retirement, ensuring they have a source of income after they stop working.
The employer must report details of the employees covered under the plan, their length of service, final salary, and the amount of gratuity paid out.
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