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Interest rate for Variable Insurance Plans - Group Leave Encashment and Group Gratuity

Fund Size Interest Rate
Declaration
GROUP LEAVE ENCASHMENT (per annum)
(133N044V01 & 133N044V02)
GROUP GRATUITY (per annum)
(133N045V01 & 133N045V02)
< 5 Cr Quarterly in Advance for Quarter
1st April 2022 to 30th June 2022
6.90% 7.40%
>= 5 Cr but < 10 Cr 6.90% 7.40%
>= 10 Cr 6.90% 7.40%

Please Note -

  • The above interest rates are including the 1% p.a. minimum floor rate which needs to be credited in advance every quarter hence the additional interest rate to be declared will be 1% less.
  • With this, The effective annualized return for the quarter April-June 2022 shall be 7.62% for Gratuity and 7.10% for Leave Encashment
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