Reviewed by HR & Business Communication Experts Updated for 2026 Professional Communication Standards

Superannuation Policy

superannuation policy

Superannuation Policy

SCOPE

This policy is applicable to all the units (as applicable) of the ___________ Group.

To applicable to all employees Level – IX & above.

PROCEDURE

15% of basic salary will be contributed in individual account on monthly basis. This contribution will be transferred to the Superannuation Trust.

Employees will get statement of accounts from respective accounts department of Units on yearly basis.

At the time of retirement or in case of separation (by any other reason) the employee becomes eligible to claim pension from LIC. In addition he also has the immediate option to get 1/3rd of total outstanding amount by way of commuted pension. For claiming of the same the Employees or his/ her legal heir has to fill up the forms available with Unit HRM.

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Superannuation Policy

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