• Opportunity for growing the fund safely and prudently by managing the fund investments properly and maximizing the returns on the investments and thereby bringing down the costs of the funding liability in the future.
• Multiple Flexible Investment options based on the risk taking ability of the trust.
• Life Cover for full-anticipated service.
• Contributions are exempted from Tax.
• Total Transparency in charges and the returns declared.
• Complete range of services provided: Taxation, Legal, and Investment.

• Employer-Employee Groups
• Group Size of 25 members or more
• Employees between age 18 and retirement age of the company

• MNYL will open and manage a Unit Account for the Trustees in which units are allocated and cancelled for the purpose of paying Gratuity
• The trust also pays a premium for the life insurance cover. This cover could be either the future service liability or a uniform/graded cover
• On receiving a claim, MNYL will redeem the units in the investment fund and pay the gratuity benefit
• In case of death of an insured member, MNYL will also pay the sum assured applicable for that member in addition to the gratuity benefit
• Contributions to be made towards the Gratuity Liability by the Trust to MNYL would be as per Actuarial Valuation - Post AS-15 certification
• Past Service Gratuity Liability payment can be made over a period of 5 years
• The annual contributions can be made annually/half yearly/quarterly/monthly

Redirection: Annual contributions can be invested as per new fund break-up, not adhering to the initial investment break-up. This gives more flexibility for better financial planning as per specific requirements.

Charge Structure: MNYL unit linked Gratuity has one of the most transparent charge structures in the market currently. The Fund Management charge is also extremely competitive.

Fund Management Charges: The fund management charge is levied as a percentage of value of assets and shall be appropriated by adjusting the Net Assets Value.

Switching: MNYL UL Group Gratuity plan offers its clients a flexibility to switch funds from existing fund to any other fund options, as per trust rules. Two free switches in one policy year can be availed by the client.

Surrender Fee: Surrender Fee is applicable if a policyholder wants to surrender the policy. This fee is based on the length of association with Max New York Life.

Fund options: MNYL Group Gratuity plan is a market linked investment product, which offers 3 fund options to choose from.

• Fund Management Philosophy.
• Total Transparency in charges, returns declared and the portfolio of investments.
• Flexibility in premium payments, redirection of premiums, term cover.
• Superior Service
  * ISO certified Operations & Processes
  * Free and diversified services: legal, investment, taxation
  * Dedicated Relationship Manager
  * Effective Transaction Processing & Superior Turnaround Times
  * Robust Data Management With High Confidentiality Maintained
• Most Transparent charges and Low Fund Management Charges