Future Generali Group Traditional Leave Encashment

In today’s time many of the employers are providing Leave Encashment benefit in addition to other retirement benefits to their employees which is a lump sum amount payable to the employees. The actual amount payable depends on the number of encashable leave an employee has at retirement or other exit and the per day salary at retirement. The Group Leave Encashment Plan has been designed to provide funding for these liabilities of all employers. A group life insurance cover is also provided for the employees. The scheme is generally administered by the employer.

Future Generali Group Traditional Leave Encashment Plan

It is a Non-Participating Group Traditional Leave Encashment Plan. Under this plan, the contributions paid continue to accumulate on traditional platform of investments and at the end of the financial year; an investment income is credited to your Leave Encashment policy account. This Product offers Fund Management of employers’ liability and life cover to the employees.

Future Generali India Life Insurance Company’s liability at any time will be limited to the balance in the policy account