Everything you want to know about Super Annuation

POSTED BY Jagoinvestor ON May 13, 2009 COMMENTS (493)

The only schemes that comes in your mind when it comes to retirement benefits are EPF, NPS & PPF. But there is one more scheme i.e. Super Annuation about which lot of people don’t even know. And those who know about it they don’t know how much corpus they have as their super annuation.

In this article I’m going to tell you what is super annuation and how to check your superannuation balance if your employer maintains it with LIC.

Super Annuation

First of all I would like to share with you an important thing, which one of my friend Subbu has figured out himself . Credit goes to him.

A lot of employees do not care to check there Superannuation amount, or they are not even aware that it exists. Knowing the amount of your superannuation can be helpful, because then you know that you have that much saving and hence when you plan your investments, you can factor in this information and take better decisions . This small amount make big chunks of your portfolio .

What is Superannuation?

Superannuation is a retirement Benefit by employer . It is a contribution made by employer each year on your behalf towards the group superannuation policy held by the employer. This is an important part of creating wealth for your retirement .

Features of Super annuation :

a) Superannuation Fund is a retirement benefit given to employees by the Company.

b) Normally the Company has a link with agencies like LIC Superannuation Fund, where their contributions are paid.

c) The Company pays 15% of basic wages as superannuation contribution. There is no contribution from the employee.>

d) This contribution is invested by the Fund in various securities as per investment pattern prescribed.

e) Interest on contributions is credited to the members account. Normally the rate of interest is equivalent to the PF interest rate. Read what is EPF and PPF ?
f) On attaining the retirement age, the member is eligible to take 25% of the balance available in his/her account as a tax free benefit.

g) The balance 75% is put in a annuity fund, and the agency (LIC) will pay the member a monthly/quarterly/periodic annuity returns depending on the option exercised by the member. This payment received regularly is taxable.

h) In the case of resignation of the employee, the employee has the option to transfer his amount to the new employer. If the new employer does not have a Superannuation scheme, then the employee can withdraw the amount in the account, subject to deduction of tax and approval of IT department, or retain the amount in the Fund, till the superannuation age.

Source : https://www.citehr.com

What happens with your superannuation after your retirement?

Once you get retired you can use the amount of your super annuation in 2 ways, either withdraw the total amount which will be completely taxable if withdrawn at once, or withdraw 1/3rd of it which will be tax free and convert the 2/3rd amount in regular pension scheme.

Tax will be applicable on the remaining 2/3rd of the superannuation amount and returns on it.

What happens if you resign?

This is the concern of most of the people today. When you resign the job, you can transfer your Super Annuation from your current employer to new employer and can continue it till your retirement.

If your new employer does not have the superannuation scheam, then you have 2 options, either withdraw all the money on which tax will be applicable, Or let it be in your superannuation fund and use it after your retirement as per the above mentions tax rules.

How SuperAnnuation is calculated?

The interest rate on Super annuation is similar to the interest rate applicable on PPF. Whereas the returns may differ depending upon the underlying insurance company and the superannuation scheam that your company has taken.

The interest in calculated and deposited to your account yearly. This is the interest paid by the insurance company and also your employers contribution.

Super annuation chart:

Years of Employment  Amount of Super Annuation 
  Less than 1 year   NIL
  Between 1 and 2 years   50% of the contribution + interest earned
  Between 2 and 3 years   75% of the contribution + interest earned
  More than 3 years   100% of the contribution + interest earned

Interest Earned :

This is interest paid by LIC every year on the contribution by employer.

Rules of Superannuation on Maturity

Once the employee completes 3 years of service and works till his/her retirement, he/she can make use of superannuation balance as a form of pension. He/She can withdraw 1/3rd of the accumulated balance after retirement and the rest can be availed as monthly pension till end of life.

Steps for checking Superannuation balance online?

1. Go to licindia.com

2. Register for a user id and password.

3. Login.

4. Click on ‘Group Scheme Details’ tab.

5. Click on ‘member’ radio button.

6. Get the group policy number for super annuation from your company’s payroll department and enter ” in the policy number text box and click ok. (Talk to your finance department for getting the group policy number , this will be unique for all the employees of a company).

7. It will ask for LIC Id no and Date of Birth fields.

8. To get LIC Id no, call LIC branch with which your employer has a super annuation account and inform that you are calling from your company and provide your name to the LIC official. They will give your LIC ID No.

9. Since most companies had not furnished the date of birth details to LIC, enter ’01/07/1960′ / ’07/01/1960′ (forgot the order, try both n check) in the date of birth field.

10. You will get the policy enrolled and you can click on the policy number to view the details. The details will contain the accumulated balance till the last financial year. It also shows contribution made by your employer i the current financial year.

Are you able to see Superannuation Balance for yourself ? Were you aware of it ? Please share with us in comments section . Also please share if you find any discrepancies with the steps .

493 replies on this article “Everything you want to know about Super Annuation”

  1. PRASANTA says:

    I got retired from my service in Jan 2016. I’ve opted for to receive pension for full amount from LIC. Now let me know how long this will continue and when my family should get the Lupsum amount of my superanuation deposit from LIC

    1. You need to check this with LIC itself. How will we have these details ?

  2. I P Hirwani says:

    I have resigned from my company. my age is 47, I want to get full amount of my superannuation fund after deduction of applicable tax, but my company says they do not have this option, I am being forced to get only 33% of money and have to put 66% money in a pension plan through LIC, or I have to keep this money till my superannuation age.

    Is it true that an employ who has resigned do not have option of getting full amount after tax ? after all the full superannuation fund is coming from my own CTC. Company does not have any contribution.

    How ridiculous it is if you resign at the age of 35 than also your 66% of superannuation fund will go to LIC and you will receive pension after 58 age, meanwhile you have to submit live certificate every year to the company?!

    I have searched in the net, I found that in case of resignation I can withdraw all superannuation fund but it will be taxed, nowhere I found that for a resignation case before superannuation pension plan is the only option.

    Please comment. If an employ resigns before superannuation age ,can he get full amount after tax? can any company deny this rule and force the employ to buy a pension plan ? do we have right to know the rules of the company in writing? After all, the superannuation fund is managed by a trust, and the trust is taking care of its members money. do I have a right to know the rules of withdrawal of the trust I as a member ?

    1. I am not fully aware of rules at this level.

    2. Pavan Kumar says:

      Similar case for me also, I only got 33% and remaining 66% put in Pension plan of LIC.
      Not sure on the company rules

      1. Jagoinvestor says:

        When are you getting the pension?

  3. SB says:

    Hi Manish
    My previous employer had SAF with LIC and a corpus is now available. If I choose not to annuitize the corpus now and wait till I attain retirement age (55), will the corpus continue to earn interest till my retirement age? My understanding is that the later I annuitize, the higher my monthly annuity amount – please confirm if this is correct. Thanks.

    1. I am not very sure on this

  4. VIVEKANAND says:

    Hi Manish,
    Nice information……Can we transfer superannuation amount to NPS (New Pension Scheme) one time and exit from super attenuation scheme?. If yes what is the procedure for the same? To whom should I meet first…LIC / Employer / NPS?

  5. abhishek says:


    My father was NTPC employee. He passed away on JULY-2000. We are receiving LIC annuity pension cheques every year since then. I was very young at the time Super annuition was discussed and it was decided to take the monthly amount of 15k for 15 years. I now want to understand what will happen at the end of the 15 year term?

    Will I be getting the amount back or they will continue with the same policy?
    How should I be contacting LIC for futher details of my policy?

    Iam sorry Iam failrly new at all this, any help assistance would be greatly appreciated.


    1. Hi abhishek

      Your father must have chosen that option (life long pension with no sum assured at the end OR pension with sum assured at the end) . Now you just need that information. I would have said that you can contact the LIC branch with your policy number etc, but rather than that, I suggest you to file an RTI as it works very well with govt entities and there is assurity to get right answer

      To know more about filing RTI – read this http://jagoinvestor.dev.diginnovators.site/2012/12/rti-application-for-psu-banks.html


  6. Venky says:

    Hi Manish

    After resigning from my previous company, where I’ve worked for >5yrs, I was getting pension every 6 months till Feb 2016. I resigned from the company in Feb 2011. But it stopped from thereafter. I couldn’t find proper reason or info, why it stopped. The annuity letter mentions “FOR LIFE TILL DEATH” under the column “type of annuity” and “5 ” for the column “certain period”.
    Please help in understanding this.

  7. Asha says:


    I worked for 9 years with the same organization and I resigned in Dec. 2015. Now, shall I eligible to withdraw a total amount of superannuation? I am 36 years old now. My company personnel asked my that I can withdraw only 1/3 of corpus this time and balance 2/3 of the amount I will get at the retirement age in the form of pension. Is it correct?

    1. Yes, they are correct

  8. ESKAY says:

    Dear Mr. Manish,
    I am retired from service after serving for 65 years of age in senior position. The last service in the organization was for +18 years. My queries are as below.
    1. How much leave encashment on retirement is ‘tax exempted?
    2. How much amount out of gratuity received is tax exempted?
    3. If I am opting for commutation of 1/3rd of Superannuation fund, is it to be taxed at source or afterwards? Regarding balance payment on annuity basis, is it to be taxed along with returns afterwards?
    After my death, the balance corpus shall be paid to my son as nominee as lump sum. Is it taxable to my son?
    4. How can I know the annuity plan for different options, M/Q/Y ly basis from LIC site?
    5. I am told that after age of 65 years, I cannot work as ’employee’ with any organization. Is it correct? If yes, I can take assignment on ‘ Contractual basis’. In such case which options of ITO can be availed for tax exemption?
    Thanks in advance for replies awaited.
    With kind regards,

    1. Hello Sir, these queries can be accurately handles by a CA only, as these are a little deeper questions and I dont want to give answers which I am not very sure about.


  9. Ashok says:

    Dear Sir,
    I left an organization in March 2013 [ where superannuation trust was managed by ICICI prudential] to join another org. [ here LIC is superannuation managing trust]. i am told that since Feb 2013, no new superannuation account can be created as per govt order. Is this correct? [ I do not believe there can be any such govt rule.]
    if indeed there is such rule, then
    My query is:
    1) Can I get my superannuation transferred from ICICI Prudential managed trust to LIC managed trust?
    2) If answer is ‘yes’ for above, then I presume I will get an equivalent LIC superannuation account ID. Can I then start contributing to LIC managed account ID.
    Kindly advise,

    1. Hi Ashok

      Thanks for asking your question. However, I dont think I am eligible to answer your query as its either out of scope of my knowledge or its not related to money matter directly


  10. DIPTI RATHORE says:

    Dear Manish,

    Recently I have opted for superannuation in company but now I feel to discontinue it. It’s been only two weeks that I have opted for superannuation in company. Please guide what are the ways to discontinue superannuation now or how to roll back this option. It would be helpful if you will guide.

    Is there any policy within which particular days this superannuation roll back could be done by me.

    1. Not sure how one can rollback that. Please with your employer on this .

  11. Raghu says:

    Dear Manish

    After my resignation from the MNC I have received some lump sum amount under superannuation from LIC and also I am receiving some amount from LIC to my account on monthly basis .
    Now need your valuable inputs for the following points
    1) The received lump sum superannuation amount is taxable ? If so where I have to show this amount in ITR.
    2) Monthly receiving amount from LIC is taxable ? If so where I have to show this amount in ITR.

    Also I need your valuable inputs a about EPO
    Provident Fund amount is taxable?


    1. Srinivas says:

      Dear Raghu, I Also resigned from a company and I also planning to withdraw my SAF.
      My query is : Can we get some lumpsum amount without attaining retirement age?
      Can we get monthly pension also without attaining retirement age?


  12. vishnudas says:

    I have been contributing to superannuation fund since April 2014. I have registered in LIC site and am able to view by contributions online. But I am not able to view the interest accumulated/credited to my account.

    1. Hi vishnudas

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that


  13. Vincent says:


    I have resigned from organization and with drawn 1/3 of amount from the superannuation fund. (remaining kept as annuity.

    My question is , the amount which I have got (1/3) after tax deduction, does this need to be added to my total income during Income tax file?

  14. Manish says:

    Manish – this was very useful. Thanks. I successfully registered and can now see my balance online. Thanks

    1. Glad to know that Manish ..

    2. AnilBagga says:

      Hi Manish

      I am struggling to register. The Portal needs a numeric policy no and my company has a alphanumeric code! One also needs to indicate the premium – what will that be in case of Superannuation?

      Anil Bagga

      1. Not sure what can be done in this case

  15. Kabali says:


    Ravi is trying to register Group Pension policy under normal policy section. That’s why he is being prompted with those questions.

    May be you are not aware of this, but the article is about group pension policy which does not require a premium.
    How come you comment on something without knowing what the article is about !!!


    1. Ravi says:


      ‘licindia.com’ site does not exist……..when I type ‘licindia.com’ it takes me to ‘licindia.in’

      Try it yourself.

      Guide/Help me to use the site……..I’ve all the details required like GSCA policy no, my LIC ID, etc

      Steps given above in your article does not work for me……..Help me plzzzzzzzzz

      1. It might have changed now ..

  16. Ravi says:

    Hi Manish,
    How do you get registered??? when I type ‘licindia.com’ it takes me to ‘licindia.in’.
    When I go on the New User Registration it is asking below details……..whose details are to be provided…….How do I know the Premium??

    Policy No. *
    Installment Premium (Rs.) (Without Taxes) *
    Date of Birth (dd/mm/yyyy) *
    Mobile Number *
    Email Id *

    Guide/Help me to enter the site……..I’ve all the details required like GSCA policy no, my LIC ID, etc

    Help me plzzzzzzzzz

    1. You need to check with your agent on all this information. You must be paying the premium yourself? How come you dont know that amount !


  17. Aarti says:

    My employer says that as per revised superannuation policy one cannot withdraw 1/3rd of the funds. and hence while withdrawal I have to take 100% annuity option. Is there a change in policy?

    1. Not aware of that !

  18. Nitin says:

    What is the appproximate pension you receive after retirement say on 10 lacs of accumulated fund?

    I was transferred to another group company and have a different superannuation account since last 2 years. I have 2 superannuation accounts (one 10 years old and other 2 years old). If I leave the job now, will I get the 100% amount or 75% amount?


    1. Around 5000 per month

  19. Manish says:

    I worked earlier with one company before 3 years and worked there for 1.5 years. Because of company policy, I could not have superannuation before 2 years. Now, I joined once again the same company. Can it be continued by clubbing earlier corpus?

    1. I m not very clear on this

  20. Apoorva says:

    Hello, I followed each step as explained by you & entered all details. But in the end it gave me error that “LIC ID does not exist, please enter correct LIC ID”. This ID was given by my employer. What should i do now?

    1. Hi Apoorva

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


      1. Apoorva says:

        1) Can i apply RTI online….because in this busy life, we don’t have time to go physically & apply RTI. And who knows whether i will get my money or not?
        2) What if i do not follow up for my money,,,,are they bound to clear the funds & return money?

        1. 1. Yes here , https://rtionline.gov.in/
          2. Unless you followup , it will never get fixed

          1. Apoorva says:

            Thanks !
            Can you please tell me, this “Super annuation” issue comes under which Ministry?

            1. It should be “Department of Financial Services, Ministry of Finance (DFS)”

              Check this http://finmin.nic.in/the_ministry/dept_eco_affairs/capital_market_div/pattern_%20investment.pdf

  21. MOHAN says:

    Hello Sir. All the information are really good. I had SAF in my earlier organisation. I left it in 2011. My new organisation doesn’t have SAF. Will that amount be still live? Can I withdraw the amount? What will happen to that amount if I forgot till end?

    1. You can withdraw your SAF later also !

  22. subramaniam says:

    please send me my LIC Id My group policy no: 31476 .Name:G.SUBRAMANIAM(22/04/1959)

  23. Ganesh says:

    Hi Manish,

    thank you very much for providing the details. I was able to add my spouse’s superannuation details in the portal and was able to see the up to date information.

    1. Glad to know that Ganesh !

  24. Swapnil says:

    I left previous organization in Aug 2014 and at that time I had submitted the Superannuation withdrawal form but till date not received any payment. I have already contacted previous employer as well as LIC but haven’t got any response. Can I register a complain against LIC or employer? Please suggest

    1. SwapnilN says:

      Hi Swapnil,
      This is Swapnil 🙂
      I am also facing the same issue . Could you find any solution to this problem?

    2. Hi Swapnil

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


  25. Naik says:

    Thanks Manish

  26. Ratnakar Muley says:

    Can some one withdraw the full amount after retirement without any pension

    1. We are not sure on that

  27. Sandy says:

    Thanks for such a useful information. I registered on LIC website and now I am able to see all the details of my SA Policy.

    1. Glad to know that Sandy ..

  28. Jeya says:

    My company settlement team sent me SAF withdrawal form. In that there are many options to choose such as pension for life, 5 Years and life thereafter, 10 years, 15 years, 20 years, Life with return of corpus & Joint life pension pension. I wish to know how much amount i will get, if i choose each option. Is there a calculation for the same / online SAF pension calculator. Thanks for help.

    1. Hi Jeya

      Thanks for asking your question. However, I dont think I am eligible to answer your query as its either out of scope of my knowledge or its not related to money matter directly


  29. Neeraj says:

    Hi, how much time it takes to get SAF. I filled in the form in first week of April, I am told LIC shall take up the withdrawal case after Mid June only, as they are busy in annual accounting. Can I approach some authority for faster release.

    1. Hi Neeraj

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


  30. Naik says:

    I left job 1 year back and submitted SAF withdrawal with company. Till date not received payment. Can i file complaint with LIC ?

    1. Hi Naik

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


  31. Dharmesh says:

    I have registered both my annuities online with LIC in April 2016 under the Group Pension Scheme and now i’m able to see all the details accurately online. Thanks to Jagoinvestor!

    1. Glad to know that Dharmesh ..

  32. Tej says:

    My employer gave option either to take SA or get it in salary which will be taxed. Should I go for SA or not?


    1. You only can decide that.

  33. Manoj Gupta says:

    Can i ask my employer as a right to convert superannuation amount to my monthly salary ?

    1. Once its started, I think will be very tough now !

  34. KATHIRESANC says:

    what % of amount from 75% annuity fund available in superannuation scheme would be deposited on monthly basis during my retirement period?


      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that


  35. NARESHSHARMA says:

    My employer giving option to discontinue superannuation fund and clubbing that contribution to existing salary. Which option is perfect for me?

    1. I think you should take it !

  36. Sukumar says:

    Hi. I tried registering on licindia.com based on the details given on this page. I got the Group Policy Number & the LIC ID.
    However, the page returns an error as invalid Authentication.
    I tried the Date of Birth combinations(’01/07/1960′ / ’07/01/1960′) given above as well as my DOB.
    Any suggestions would help.

  37. Varsha says:


    I have opened SAF before 1 year in my current employer.
    So if I resign from this organization now and if SAF option will not be available in next organization then what will be the next option for me?

    1. I am not aware of this ..

  38. Merchant says:


    I have a Superannuation policy by my company in which the contribution to first Rs 1 lac / annum is tax free while amount over it is chargeable to tax.
    I have read that in Budget 2015, the tax free contribution was increased to Rs 1.5 lac. Please confirm

    1. I am not sure on this

  39. Satya says:

    Dear Sir,

    I have taken 1/3 amount rest of amount 37 k in LIC SA . I opt 5 years pension yearly they have fixed 3.5 k approx. if I recd 3.5 x 5 years = 17,500. pl clarify remaining amount , I may get after 5 years or not?

    1. Hi Satya

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that


  40. Leonard says:

    my age is 57. I have booked one flat. My superannuation discontinued few years back. now I want withdraw maximum amount. what % I can withdraw on fund balance amount. Last year it was 179000/-
    Please help.

  41. cedric says:

    i tried the steps to register online for SA thru’ LIC e services…….however, when registering for new user, it asks for installnmet premium amount…… for SA there is no such amount……is there another way of registering for SA online…..

    1. Karthik says:

      Look for the option “Group Pension Details” or “Group Scheme Details” at the bottom of the main page in the LIC eServices portal

  42. SubhashMittal says:

    Dear Manish,

    I am working in MNC since 2007 and have superannuation account with LIC thru this MNC.

    My name in company is recorded as SUBHASH MITTAL as it was in Mine CV at that time my joining but

    all of mine Govt documents ( like PAN card, Passport, ,Aadhar card, education qualification have it as SUBHASH KUMAR.

    So I want to know that is it possible to change my name in superannuation account with LIC as SUBHASH KUMAR and how?

    Pls Advise.


    Subhash Mittal

    1. Hi SubhashMittal

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


    2. SubhashMittal says:

      Thanks for ur kind reply Dear Manish and for posting all below valuable information and replies

      1. Thanks for your comment SubhashMittal

  43. Karthik says:

    I was able to enroll my annuity under Group Pension Details in LIC online and able to my annuity and other details. However, am not able to view the group pension details from last few days. It appears that LIC has moved its online system to what is called LIC eServices and when i logged into the portal using my earlier userid and password, all my individual policies were listed.

    However, am not able to see my annuity (Group Pension details) on the left hand side and don’t see a way to re-enroll again? Are you aware of what has happened and will this feature be reintroduced again. This was a good feature to view group pension details.

    1. Pankaj says:

      I was able to enroll my annuity under Group Pension Details in LIC online and able to my annuity and other details. However, am not able to view the group pension details from last few days. It appears that LIC has moved its online system to what is called LIC eServices and when i logged into the portal using my earlier userid and password, all my individual policies were listed.

      However, am not able to see my annuity (Group Pension details) on the left hand side and don’t see a way to re-enroll again? Are you aware of what has happened and will this feature be reintroduced again. This was a good feature to view group pension details.

      pl. help us how to see on new page of LIC portal

    2. RavindraKumarPant says:

      I was able to enroll my annuity under Group Pension Details in LIC online and able to my annuity and other details. However, am not able to view the group pension details from last few days. It appears that LIC has moved its online system to what is called LIC eServices and when i logged into the portal using my earlier userid and password, all my individual policies were listed.

      However, am not able to see my annuity (Group Pension details) on the left hand side and don’t see a way to re-enroll again? Are you aware of what has happened and will this feature be reintroduced again. This was a good feature to view group pension details.

      1. Karthik says:

        This feature is now restored in LIC eServices portal. I’m able to view the annuity details under “Group Pension Details” today.

  44. PRASAD says:


    During registration as new group user, I have entered all correct information . But I am getting the following error message please.

    “Policy could not be enrolled due to Invalid Authentication. Please enter correct details.”

    Kindly let me know the solution
    with reg

    1. We are not sure about this.

  45. Senthil says:

    Very good article & useful information.
    I am able to see my policy details in LIC.
    Thanks a ton

    1. Glad to know that Senthil ..

  46. Archana says:

    I have a SAF from my employer from past 6 years. I have also enrolled the policy number to check its details in LIC portal.
    But when I check its details, I can only see contribution history from employer. How will I see the amount of interest I have earned?
    Also contribution history starts from 2013 onwards. What about details before 2013? The account was opened in 2009.
    Please reply.


    1. Hi Archana

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


  47. Tarokendu says:

    Yes the article is really elaborate and helpful .

    I have some other issue in same regard and want someone to help me .

    I resigned from HUL( Hindustan Unilever Limited ) on 4.7.2008 . I was settled all of my dues properly except Super Annuation fund after working for 25 years . My Employee Ref No is 225093 , Date of joining is 7.2.1983 , Date of birth is 1.1.1960 . Last drawn salary was Rs 28229 ( Twenty eight thousand two hundred twenty nine only ) . I have got requisite format filled up with the help of Calcutta branch accounts department with whatever data was available with me and Calcutta branch accounts department ( Since my last division”s HR was at Mumbai ) and mailed to HR Manager who assured of help and assigned to concerned persons but to no avail . There are some fields in same format which have to be filled up by employer . Hence .

    I have over a month started correspondence with HUL but nothing .

    In stated scenario from where can I get help to get my dues which remains uncared for by HUL so far .

    Is there any Government authority who can be of help in this regard ? Or any BODY from where I can get help ?

    Pls advise .

    Tarokendu Chakraborty

    Mob 09051201401

    Mail : Tarokendu@Gmail.com

    1. Hi Tarokendu

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that


  48. Sachin says:

    It was really helpful information.

  49. Sabyasachi says:

    Thanks for this very useful information, it helped a lot.

    I left the job 5 years ago, and have not done anything so far about the balance held in SAF. What do I have to do intimate my choice of annuity options to LIC? In other words, how can I take my old employer out of the loop, and deal directly with LIC?

    What happens if the old employer winds up business before I reach my retirement age? Will the SAF balance held with LIC be available to me for annuity, irrespective of the future status of my employer?

    1. Its not related with the employer. You should talk to LIC on this and quote your SAF number

  50. Samuel says:

    Nice and useful article. Keep it up buddy.

    1. Thanks for your comment Samuel

  51. prashant says:

    Unable to see the details on LIC.
    It ask to try again only

  52. Venkataraman says:


    Please let me know if this superannuation fund can be completely withdrawn once the employee moves out of the organization.?


    1. No , it can be done partially only !

  53. Paras says:

    Thanks, this was really useful

  54. Shivnath says:

    Thanks for the valuable information. It helped me a lot in getting my super annuation information.

    1. Glad to know that Shivnath ..

      1. Satpal says:

        Dear Manish Ji, It was a nice article on Super Annuation. Can you please also guide us in case a organisation want to tie up with LIC for the super Annuation scheme. Can we also go ahead with any other financial institute for super annuation scheme for our employees. Awaiting your response. My email id is rawat.satpal@mahindra.com

        1. I am not having much info on that

  55. ws says:

    HI Manish, Also need to know that 1/3rd amount would be taxable that would be given on retirement. Would you suggest going in for superannuation or any other private pensions schemes you would suggest

    1. Not sure of the current rules change if any

  56. WINNIE says:

    Hi Manish, An example : if at the time of my retirement, the SA amount totals to 20 Lacs, I understand I/3rd I can withdraw. But wanted to know the balance 13 Lacs I would be getting as pension till life long. What is the amount or percentage decided as pension

  57. Skrish says:

    Hello sir,
    As my current employer does not have superannuation fund facility, is it possible for me to withdraw the amount & buy a life insurance policy? Please advise.
    Thank you.
    S Krishnan

  58. Albela says:

    Just one point, maybe obvious for some.

    In case you are already registered with LIC portal as a user. You can directly login and click on Group Scheme Details on the left hand side.

    1. Hi Albela

      Thanks for your sharing your valuable comment on this topic. Please keep sharing your views in future also


  59. Kamal says:

    Hi ,
    Very informative article.I worked for an organisation for 23 years and then moved to a new organisation.Since the new company doesn’t have superannuation facility so i decided to commute 1/3 value of superannuation amount and pension from the balance .Now i’m getting pension every quarter from LIC .Since pension received is taxable @ 30% rate so i want to postpone the quarterly pension till i get retired.Is it possible ?

    1. Hi Kamal

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


  60. Praful says:

    Hi Manish,

    Isn’t the company/organization responsible for settling the superannuation which is with LIC for the ex-employees? In my case they are making me to run pillar to post with the multiple follow ups from last 3-4 months.


    1. Hi Praful

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


  61. ashish d says:

    Can we remove full amount after retirement, instead of taking pension on balance 75% amount.

  62. Nitin Kadakia says:

    I am a member of Superannuation Scheme at Delphi Automotive Systems.. I ma 57 years old and will retire at the age of 60.. Can I withdraw partial fund from my total available amount in my account for new house purchase ? If yes, what the process is to apply ? Regards Nitin

    1. Hi Nitin Kadakia

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


  63. Suhas says:

    Nice article. We get a yearly statement from our company regarding the superannuation details.
    Our Company has given an option of getting out of superannuation scheme and if I opt to come out then that amount will be paid as salary to me in my monthly payment. Shall I opt for getting out of Superannuation or continue to remain in it ? any thoughts on this.

    1. If I were you, I would get out of Superannuation

  64. Manish says:

    Thanks for sharing the useful information.

    Pension returns (after superannuation scheme maturity) are very less and is approx 7.25% annual on the purchase price (amount converted to annuity). Is there any way we can withdraw the amount and thus can invest in higher paying instruments.

    1. No , I dont think there is any option of withdrawing it !

  65. d srinivas rao says:


    my present company has no Superannuation scheme. In my previous company I served for 4 years and 10 months. They had superannuation scheme. They said I must complete 5 yrs service to get the refund of SA. Please advise me.

    1. Yes, they are correct

  66. BBNarula says:

    Thanks for your information on how to check on-line the details of LIC superannuation pension. It gives the details of pension last disbursement and date. Apart from this, I am also interested to know the total fund value due after retirement along-with employer contribution, which LIC has not given on the website

    1. Glad to know that BBNarula ..

  67. Nidhi says:

    Hi Manish

    1.Apart from LIC any other super annuation fund managers are there ?

    2. Is the contribution towards SA is safe , in case a company shuts down or goes under weather?

    Thanks in advance !

    1. Its safe. Apart from LIC , there are other companies as well, but I guess employers can choose it, not you as employee!

      1. mayank says:

        Person havve contributed to SA for 5 years , What happen to the money contributed to SA if person dies after 5 or 10 years ?

        1. Your family can claim it

  68. harmandeep says:

    Sir i have recently resigned,having 4 years of work experience.I am going for higher studies.
    Can i withdraw the superannuation amount.
    If yes,how much and how..?

    1. No you cant. Its for pension

  69. Pradhan S C says:

    It is clear that we can widraw 1/3 amount & can take pension on balance amount but is there a option where if i want pènsion on complet contribution amount.
    also pl advise which is advisible?.
    Thanks. Pradhan S C.

    1. I am not sure on that. but you can always take 1/3 and create your own pension out of it !

  70. Bala says:


    Thanks for your crisp and easy to understand information
    I had invested in SA in my previous employer, but my current employer does not have the scheme
    So I want to do maximum possible withdrawal and convert the rest to pension. LIC is giving 5 different options.
    Could you provide advise on which option to choose given my current situation (M/42/employed/spouse employed/2 child)?

    1. Hi Bala

      You can go with Pension with return of corpus option


  71. ANKUR JAIN says:

    My present employer does not have superannuation fund facility and my previous employer has refused to pay the superannuation fund saying that as per policy employee who has not completed minimum 15 yrs of continous service or attained 48yrs of age is not eligible.
    Kindly guide me on this.

  72. Sashikumar says:

    Very useful article. Thanks a lot.

    1. Thanks for your comment Sashikumar

  73. Krishna says:

    Thanks. I did not know that you can get Superannuation details in the online LIC link. I saw the balances just now & am relieved that its a transparent system. I was getting worried that the money was being lost in some big black box with no visibility. Appreciate your article which provides very useful info.



    1. Thanks for your comment Krishna

  74. Vignesh says:

    Thanks for your guidelines on how to know the balance in my superannuation fund. I am able to see the balance available.

    Now, I need your guidance on how to claim the superannuation fund as I have changed my employer & my new employer has no option of superannuation.


    1. Hi Vignesh

      I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.

      Its a bit long cut, but works well


      1. Vignesh says:

        I had requested for the procedure to withdraw SA fund. for this RTI is required?

        1. As I am not 100% aware, I suggest that you file RTI to LIC on this and ask for procedure !

          1. Vignesh says:

            Fine… Fine…. thanks………

  75. abhishek291184@gmail.com says:


    My father was NTPC employee. He passed away on JULY-2000. We are receiving LIC annuity pension cheques every year since then. I was very young at the time Super annuition was discussed and it was decided to take the monthly amount of 15k for 15 years. I now want to understand what will happen at the end of the 15 year term?

    Will I be getting the amount back or they will continue with the same policy?
    How should I be contacting LIC for futher details of my policy?

    Iam sorry Iam failrly new at all this, any help assistance would be greatly appreciated.


  76. Dhamotharan says:

    Dear sir
    As I am retiring in this month (june’15), I have to choose one option for LIC Superannuation for pension. Can you suggest which can be best option from available options & give the reasons as guidance to me?

    1. Take a full pension without any money at the end .

  77. Muthukumaran says:

    I am working in an MNC for the past 4 years. Now I have given resigning letter. I will join in a new company in 2 months after completing my notice period in current company.

    accumulated Super Annuation amount is 75000 now. There is no SA scheme in new company. Shall I withdraw the amount, as I have completed 4 years now? Any amount will be deducted from 75,000?

  78. mahesh says:

    I have drawn 1/3rd of fund. Now for the last 10 years getting yearly once pension on corpus fund. I would like to draw the rest of 2/3rds for my medical treatment as I have no one to nominate for the said amount. Means there is no one to receive that money after my death. Pl. some one let me know how to avail refund of corpus fund 2/3 in this case

    1. Hi mahesh

      You should take help of RTI now in this case ! .


  79. Arpan Saxena says:

    I left my job with my first company after 34 months (<3 years) to pursue further studies. As per my calculations, I have 30000INR as my Superannuation balance with the company. There was a clause that if a person is not eligible for the gratuity (I was not), he/she can withdraw 50% amount of total amount with taxes applicable on it. I filled up for that clause and it has been 1 year that the company is not responding to my requests for the payment.
    My questions:
    1. Do I have the right to claim that 50% with applicable taxes right now? (May be there some legal hurdle for the clause I read that time in the form
    2. Till when will I get the interest generated on the amount?

    1. Hi Arpan Saxena

      You company will be able to clear your doubts on this matter.

  80. Rajni Thakur says:

    Hi, thank you for the information. I have just completed 4 years working in my current organization and would be changing my job soon. My company is deducting superannuation from my CTC @10% of basic from my Day 1.
    Now, when I have resigned, the company’s accounts department is saying that I am not eligible for refund, as it needs minimum 5 years job here to get back my money.
    They have not shared details of LIC also. What can be done to get back my money, which is > Rs 1,00,000

    1. rajesh says:

      Rajni, It is simple. Where there is deduction, there is refund. Just take the example of Gratuity, They don’t deduct anything in writing but eligibility comes only when you complete some period, let say 5 years. If you don’t complete 5 years they just don’t pay. OK.
      As you said they deducted the money from your salary & then they say you are not eligible ? It is not a legible practice. First you address the issue to the Managing Director of the Company. Don’t depend on Accounts Department. Have some thing in writing. Approach concerned Authority with proper documents. According to me you should not be losing that money.

    2. Hi Rajni Thakur

      Your cases is a bit complex and I think we are not the right people to comment on it.

      My suggestion would be hire someone who is professional in this area and consult them


  81. Narender says:

    Hello sir,

    I am contributing in superannuation fund every month in my current organization but I discontinue my service before 3 years. I am having following quarries :-
    1. Shall I transfer my superannuation fund account from my current organization to another organization where I was suppose to join.
    2. If I discontinue my superannuation account before 3 years deposited money payable to me or not.

    Request to you please suggest your expert view.


    1. Hi Narender

      1. Yes you should transfer it to new org

      2. No you will not get it

  82. Hem Raj says:

    HI Manish, I have the option of investing in superannuantion scheme with my current employer- however I am planning to switch company in near future. I would like to invest in this scheme as part of retirement planning and tax saving. Is it advisable to open an account now as I am not sure if my new employer may or may not have this scheme as part of salary structure.
    highly appreciate your suggestion. thanks!

    1. Hi Hem Raj

      Yea , then you should open it now

  83. Prem Pratick Kumar says:

    Has there been any changes in Opening of super annuation Account???

    I heard that it was going to discontinue.

    1. No idea on that Prem !

  84. Aparna says:

    Thanks… this information was really good. I didn’t know about this

  85. utpal raj says:

    I wanted to know ,which option to be adapted for super annuation scheme
    I don’t required any fund now

    1.Life Pension ceasing at death.

    2.Life Pension with Return of Capital and Group Pension Terminal Bonus on death.

    3.Life Pension guaranteed for 5,10,15 or 20 years and life thereafter.

    4.Joint Life Pension payable on the last survivor of the employee and spouse.

    5. Joint Life Pension payable to the last survivor of the employee and spouse with return of capital on the death of the last survivor. If desired , 1/3rd of the pension can be commuted at vesting.


    1. You can opt for 1st option

  86. sahadeva reddy says:

    this is sahadeva reddy from bangalore,i want to know the status of superannation balance.i worked around 2 years on 2008,2009 respectively.i dont have any details about my account.how to get the details?

    1. You need to contact with your company on this .

  87. GDG says:

    There is no contribution from employee’s side for Superannuation scheme..
    It is only contribution from Employer’s side .
    Hence the eligibility criteria for superannuation sceme may come after some one reaches 50 years.

  88. Mahadevan says:


    For transfer, my previous employer wants an IT approval from my current employer for the Superannuation and my current employer doesnt want to share the same.
    Any clues on how to break this logjam?

    1. I think your current employer is not complying with the law , its a law abuse . Only a legal recourse can help now . what else can ?

      1. Mahadevan says:

        Hmmm. Your reaction is extreme. 🙂
        I am negotiating with the process owners to get a reply. Will keep you posted.

        1. Mahadevan says:


          Do you have any suggestion on the way out?

          Btw, thanks for the details on updating the LIC User id with Super Annuation details. Have been able to do it.

          1. Mahadevan says:

            Sorry Manish.

            Read today that there exists something called “Unapproved Superannuation Fund”. The contribution to this is not eligible for IT benefits.

            Need your comments on this.

            1. Mahadevan says:

              Also got this email from my previous employer, need your views:

              As per our “Previous Employer’s” Employees Superannuation Fund Trust, an amount equivalent to the value of the equitable interest in the Scheme of the member can be transferred only to an approved Fund.

            2. Its new thing for me .. will have to check it !

  89. Nitin Agrawal says:

    Hi Manish,

    Thanks for your post. I joined an indian company in May 2014 and I am leaving the company in almost 6 months. I want to know what will happen to my superannuation fund if my future company doesn’t have superannuation option(means I cannot transfer it). Can I withdraw it? If Yes, can you share the procedure also.
    Once again thanks.

    1. You can withdraw it . When you will leave your company, your company will give you all the forms to fill up

      1. Nitin Agrawal says:

        But in you post above you have written that for Less than 1 year superannuation amount is NIL. I do not understand that.

        1. AHh didnt realise that while replying you . Yes if you have not completed 1 yr in service, then you wont get it .

  90. Harish says:


    I am been with company from 10 year but SA scheme is started in 2014 only.
    If I invest 5000 per month, how much pension I will receive. Assuming I will work till retirement and my current age is 33.

    1. Harish

      This cant be calculated like this with this data

  91. Chetana says:

    I have left the company in April 2014 and filed for Super annuation settlement in May 2014. Still I have not received the settlement from LIC. As per my last company, LIC has huge backlog and hence there is a delay. Does it take this long to settle? There is no response from LIC regarding this. Please advise.

    1. Hmm. No idea on this !


  92. Darshan says:

    Hi Manish,
    wonderful article. I worked for a company for 8 years in india and now settled in canada. I am receiving amount every year. If I notify LIC that I am living in Canada, am i still eligible to receive money?
    can I claim to withraw all money as I live in canada?
    thank you

    1. Yes why not .. its your own money !


      1. Darshan says:

        thank you Manish

  93. RAN SINGH says:

    Respected sir
    I am retired from National Fertilizers Limited, Bathinda as a Deputy Manager on 31.12.2102 as per superannuation and I have deposit Rs 116581/-on 16.05.2013
    as per commuted value 80876/- received and monthly pension Rs 892/- per month started
    Kindly tell me how much my amount is balance & when I can withdraw the whole amount
    with regards
    Ran singh
    Master Policy No. GSCA/345697

    1. You will have to file a RTI for that

  94. aparna says:

    Hi Manish,

    Thanks for all the above article.
    I have a query regarding SA. i had worked in a company for 3.4 years and resigned before 9 months and currently not working. Our company has employees group superannuation scheme, since i completed 3 years of service they have informed that I will be eligible for the same. Our employer contribution is 10% for this scheme.
    – As per your point (h) I would like to withdraw the full amount in account after deducting the tax.Will it be possible?
    I don’t want to opt for pension plans(In that i will get 1/2 and remaining 1/2 will be with LIC) .

    – I have read withdrawal terms that “An employee can withdraw his or her entire accumulations along with interest when he/she moves abroad on producing the consent letter from the Commissioner of Income Tax Office. But the amount so payable is taxable under Income Tax Act, 1961. Tax amount will be deducted from the proceeds and balance will be paid to the employee by employer”.

    Is this applicable only for people going to abroad.?? will I get the full amount back? My total SA amount is less than 1 Lakh.


    1. I think I dont have sufficient knowledge on the SA part .

  95. Payal says:

    Thanks Manish for your suggestion. I am not planning to invest in this plan.

  96. Payal says:

    Hi Manish,

    Thanks for all the information. It is really helpful.
    Just one question, my company gives the option of investing in superannuatation fund but the money invested is deducted from my salary. In your post you have mentioned that the employer contributes to the fund but here I am sseing that the employee needs to contribute. I am bit confused. Please enlighten me…:)


    1. Its never a mandatory things for company . They might do it, or dont . Here they are giving you an option if you want to in that kind of fund. My personal suggestion is do not opt for it, if you have the control on yourself for investing that part yourself in something .


  97. Dinesh Bhat says:

    Hi Manish,
    This is really a great piece of information. Thanks much for sharing the information.
    Have a question,
    I am working in a company and my company is contributing to the superannuation. I am able to see the accumulated amount online as well. It is with ICICI. Now I have resigned after being worked for 2.6 years. I believe, I will get only 75% + Interest as it is less than 3 years.

    Would you please let me know, what should be my next move? My next company is not having Superannuation concept. So, I should be withdrawing the amount and find a better place to invest or keep it for longer?. Can I contribute to make the investment for 3 years? Can you please share your thoughts?


  98. Sujit says:

    My Organization has Superannuation scheme. How do i enroll for it? Am i required to open any account anywhere? or just declare the amount limit in FBP and thats it?

    1. Hi Sujit

      You org is the best place you can find info , contact the finance team !

  99. Kerul says:

    Thanks for such a wonderful information. It was quite helpful.

  100. Mallikarjun says:

    Dear Manish,
    Thanks for response.
    They have an FAQ about SAF in the intranet which says as below
    “2.2.2 Options at Resignation
    Associate has to complete 5 years of service at Organization to withdraw the SAF accumulations”

    I am not sure how to proceed?
    Once again thanks a lot for your time and response.

  101. Mallikarjun says:

    Dear Manish,
    I had done volounter contribution towards Super Annuation. However now I am moving to different organization. My current employer says, I will not get refund on the Super Annuation. Is there a possibility to get teh Super Annuation contribution done by me. It is around 1 laksh amount, which is alot for me.

    1. Why will you not get it , whats the reason given by him ?

      1. Mallikarjun says:

        Thanks for the reply Manish.
        The reason given is I have not completed 5 years of service in the organization.

        1. Yes, 5 yrs has to be completed to get full super annuation .. but I think even now you should get some partial amount. When I left my Job at Yahoo after 3.5 yrs, I was able to get 33% of my super annuation !

          1. Mallikarjun says:

            Thanks for your response Manish.
            I tried to explian, but there is no hope. As they say it is rule and 5 years completion is must.
            Thanks alot for your response.
            I was checking with you is there any leagal way to get this amount or I should forget. As mentioned I have done this voluntirily from my CTC.
            Thanks again.

            1. Ask them to show you the rules . Tell them as per rules there is no requirement for completion of minimum 5 yrs of service .The super annuation is always passed on to a 3rd party company (mostly LIC) . So they should give you proof of this . Threaten them a bit on why you will register a police complaint of FRAUD on company . While they might be fine to say that its a rule, but they cant just say this . They have to show you proper proof for this !

  102. Shivam Chodankar says:


    I work for a company which has a superannuation scheme with LIC. Now the company has given us an option of to continue or discontinue a our superannuation contributions voluntarily. I am presently in a dilemma whether or not to continue since i don’t know much about it. Could you pls guide me and let me know what could be the best for me. Have completed 5 yrs of service in the company.

    1. You can continue it if company is making contributions on their behalf also , but note that later in life it gets really complicated to claim that fully

  103. Jayendra says:


    My last company have superannuation scheme. I have been worked 5 years and i got it 1/3rd amount of super annuation. Please let me know how can i withdraw pending 2/3rd amount .
    And also i have registered standard chartered bank account in the superannuation policy, Now i want to change it because its difficult to maintain 25000 RS P.M.. Please advise me how can i change it..
    Jayendra Chauhan

    1. THe rest will be given as PENSION Later in life !

  104. S K Maity says:

    Excellent information.

  105. S K Maity says:

    Very good to know.


    S K Maity

  106. krishna rao says:

    Are there any circumstances under which the entire superannuation fund can be paid to the person after retirement but before death -for instance on medical grounds.

  107. rajiv sharma says:


    I want to know whether the pesnion of 2/3 of corpus under a super annuation scheme (with LIC) must be coming from LIC or individual have option to choose the company from where he/she wants to take pension.

    1. It comes from LIC mostly

  108. Dhanesh Sethi says:

    Hi Manish,

    Great piece of information on how to check SA status online. But unfortunately after entering the Policy Number and Branch ID number, I tried actual Date of Birth and both the options suggested by you 01/07/1960 & 07/01/1960, it does not work. Any further suggestion please?


    1. Hi Dhanesh

      This procedure is very old. Not sure if it will work now !

  109. neelim dutta says:

    hi,manish.i’m a regular reader of your blog.i work for a NGO having a group superannuation scheme in conjugation with group insurance with LIC.the contributions are 3 % of my basic per month plus an yearly uniform allowance goes into the fund per annum.the employer pays for the yearly insurance premium.i’ve paid 34 no.s of monthly instalments into the said fund and i want to withdraw from the scheme.can you please suggest me on this,thanking you – neelim.

    1. I dont think there is an option like “withdrawing” . You will get pension out of this amount later .

      1. neelim dutta says:

        thanx,manish.can the amount which i’ve deposited so far be made paid up instead of withdrawing it,if so then how do i go about it.plz reply,thanking you – neelim.

        1. Better enquire this with LIC or the super annuation company ,. they will be able to give the right answers on this.

  110. Santanu says:

    Hi Manish,

    Just few question here.
    What is the difference between this plan and EPF/PPF?
    Can any employer has both superannuation plan and epf? I think epf is a kind of mandatory for all companies and in such a case why companies subscribe this plan?

    Thanks for your answer in advance.

    1. yes, this is compulsory in most of the companies, most of the employees are not aware about this superannuation thing and come to know only when they leave their jobs !

  111. Pankaj Jain says:

    Last month I opted for superannuation and my org deducted the amount but today I got communication that government of India has instructed LIC to stop any new additions to the existing pension schemes. Is this correct that now employees can’t opt for superannuation as per government direction?


    1. Not sure .please check with govt using RTI

  112. Sandeep Garg says:

    I worked with organiation for 15 years (sau company 1) and resigned to move to another sister company within same group (say Company 2). My accumulated SA balance (of company 1) transfered to Sister concern SA account (Comany 2) with LIC.

    after 9 months I resigned from sister concern (company 2) and joned new organisation (Company 3).

    Now when i tried to transfer my SA from previous organisation (Balance transfered from company 1 plus company 2 contribution for 9 months) to SA of company 3, Company 2 is refusing to transfer even contribution transfered from company 1. please advice.

    1. Whats the ground of rejection . I suggest filing a RTI asking for detailed rules on this and check if you are following it yourself or not ?

  113. Nilesh says:

    Dear Manish,
    I left one of the limited company after completion of 4 years & 9 month.
    and now i have joined new company which does have superannuation scheme.
    still i am eligible to get superannuation return from previous company with whom i had for 4 years & 9 month.

  114. Ganesh Bhat B says:

    Dear Manish,
    I retired from services on 31st May, 2012 and subsequently the papers were submitted to LIC through the company. It has taken more than one year and recently I recieved the communication regarding the pension which says that the pension will start from 1st June, 2013 i.e exactly after 1 year and they say that interest is added to the capital based on which pension is calculated. Is there something called waiting period of one year? The interest for one year is practically insignificant compared to the pension amount for 1 year.

    1. I am not aware about it . You can either raise this on our forum – http://www.jagoinvestor.com/forum/ or file a RTI asking this to them !

  115. prosenjitacharje says:

    Dear Manish,

    Thanks for helping us out with your gr8 artical like always. I have a query.

    I have recently resigned from a MNC pharmaceutical organization after my 10 years of service, which gives me superannuation benefit from LIC.
    my query is they give me two option to exercise.
    (1st option) 1/3 withdraw of annuity (2nd option) 1/2 withdraw of annuity.

    My question, Is both the cases it is tax free or in both the cases the amount is after deduction of tax?


    Prosenjit Acharje

    1. Yes its tax free, but the amount might be before tax .

  116. Sat says:

    Hi , I had opted superannuation scheme of LIC with previous employer about 2 years and now current employer do not have the same, how much amount i will get if i have to withdrw or is there option for me to contribute regularly myself if I wan to make this my retirement plan. Is the accumulated fund totally with LIC & employer do not hold any funds?

    1. Its totally with LIC and you can only get some part payment of it when you leave the company

  117. jayendra Chauhan says:

    Hello,I have been with previous employer with 5 year & resign from last 3 month, but still I am not getting superannuation. I have checked with employer , they replied we can not do any thing . LIC will do for you.How can i get this money.I checked on line on LIC site. its show the total amount.
    Please guide me.

    1. Jayendra

      Yes, Only LIC will be able to give it back to you .. file a RTI if required

  118. Satish says:


    Is it possible for me to check the pension service details online? Else , what is the option?


    1. No its not possible . try RTI

      1. Satish says:

        Hi Manish,

        Thanks for your response.

        My problem is, I got my PF transferred from RPFC Pune to a trust in Gurgaon (my company being exempted). For pension transfer, EPF Pune asked me to submit another Form-13 – does pension transfer require separate Form-13 or is it because my PF transfer was to trust that I am asked to submit another form-13.
        I submitted another Form-13, but not sure if my pension service has been transferred to RPFC Gurgaon.

        Also, when I sent the Annexure-K to RPFC Gurgaon myself, for pension updation, EPF Gurgaon says the details in Ann-K is not sufficient. My Ann-K has my date of joining EPS, exit from EPS, new EPS number. What more is needed in Ann-K. Should pension amount be mentioned?


  119. Kumar says:

    I have contributed to Superannuation for close to 20 Months. Now I plan to leave Job and do a Business.

    What will happen to my Fund.

    I know my SA policy Number

    I am in no Hurry to withdraw the same. I can keep it for some years(58) or can contribute on my own.


    1. I think you will be able to get pension out of it later , There is lot of unclarity about it , I will try to find out on that !

  120. sachin says:

    Hi Manish

    My company has been aquired by another compnay which does not have Super Annuation so Management/Trustees has decided to close the scheme. I have the following queries:

    1. If I opt to withdraw 1/3 amount. How much tax (percentage) will be deducted?
    2. when the pension will start? Will it start immediately or after the age of 58-60?
    3. How pension I am going to get assuming total corpus amount is Rs1.6lacs?
    4. Pension option is the best? I am given various pension options out which I feel below mentioned 2 options are good:

    Option 1
    ” i) Joint Life Pension with 100% of Annuity payable to the Spouse and Return of Corpus to the Nominee on the death of the Spouse ”

    Option 2

    “f) life with return of Corpus : In this , the pensioner will get the pension money till his life, & after his life, the corpus would be paid to the nominee in lump sum. Therefore in this option the pension amount is comparatively less”

    5. Last but not least, do you advice me to withdraw 1/3 amount now or should I keep 100% amount in the pension fund.


    1. Hi Sachin

      it would be better to opt for the pension for whole life, but then the amount of pension would be lower and it will start only later in life. Not right now .

      I am not sure if I have all the answers for you . You should start a thread on this at our forum – http://www.jagoinvestor.com/forum/

      1. sachin says:

        Thanks for the prompt reply.

        Some queries still unanswered:

        1. Should I withdraw 1/3 amount now and what will be the %age of tax deduction.

        2. Which the following pension options should I opt for:
        a. Life pension
        b. pension guaranteed for 5/10/15/20/years + life
        c. Life pension with return of corpus
        d. Joint life pension.


  121. K. Anand says:

    Dear Sir,

    I am currently employed in Siemens and they gave option to opt for superannuation scheme. Would it is advisable to get SA amount in hand everymonth. If I opt for the amount everymonth, would I allowed to collect the amount which I paid so far in SA scheme.
    Kindly advice.

    1. Yes you can do that, but note that SA fund is tax beneficial also

  122. RAJ says:

    My father was working for a MNC as a Executive Director and expired in 2003.He had still 2 yrs of service left before retirement.The company had a Group Superannuation scheme.They have paid 2/3rd corpus by check to my mother (who was the nominee) and 1/3rd they have put in P&GS Dept in LIC,in her name.My mother gets a regular monthly pension at a rate of interest much less than the market rate.Can she withdraw this balance 1/3rd corpus amount and invest somewhere else?

    1. No you cant get that 1/3rd ! , it has to be for pension only

      1. RAJ says:

        Thankyou !

  123. manik says:

    My employer has communicated that the government’s directive is that No New entrants can enter into Superannuation fund, managed by LIC. When did such directive come from the government?

  124. JATINDER SINGH says:

    Sir my father was employed in powergrid corporation of India limited he was expired in Jan 2010 just before 1 year of his retirement. I have his group annuity per month of Rs 4146 per month w.e.f June 2010 getting in my bank account . And was also opted 1/3rd commutation that i got Rs. 134300. Now in Feb 2013 pension increase about Rs.350 first time in these 3 years. Kindly let me know by which method LIC annuity increases and in how much time? Can i claim this whole amount of Rs. 7 lacs now? Policy number 311249 annuity no 011M0519089503.

    1. You can get this info by LIC only and by way of filing RTI

  125. Kumar says:

    There is an important aspect that most of the people opting for superannuation miss out. I learnt this the hard way when I started to receive my pension. The pension that you receive will be about 1.5% less than the market rates. So if a bank FD is able to give you 9%, the pension that you receive will be 7.5%. What this means is over a 20 year period you are at a loss of 30% (20yrs x 1.5), the amount you would have saved on tax on your super annuation. So if you are looking at a longer pension receiving period, you are better off not to opt for super annuation.
    Instead pay tax, get the amount as your salary and invest it wisely.
    If the company is giving you superannuation benifit as an extra (not included in CTC) which is very unlikely, only then opt for it.

    1. Thanks for sharing that Kumar !

  126. AMIT SAWANT says:

    As a nominee can we withdraw 1/3 rd amount of group super annuation policy corpus after opting for pension of life with return of corpus. The pension has not still started.

    1. Yes .. if you can produce the death certificate and whatever is required by the procedure !

  127. AMIT SAWANT says:

    My dad was employee of RCF LTD Chembur and was on verge of retirement on 31st AUG 2012. But due to illness he expired on April 2012. His employer RCF LTD Chembur has group super annuation policy of all employees in which my father was member. Me and my sister is nominee of the policy. Further after my dad ‘s death the employer asked to submit a form in which they took bank account details . The actual query is the pension is going to start from march-2013, but me and my sister want the corpus back which is with LIC back as we as shortage of funds . Is there any loan facility with this group super annuation policy.

    1. Only if your father had opted for the 1/3rd funds back !

      1. AMIT SAWANT says:

        thanx for your valuable information. We have filled one form since me and sister are nominee. We deposited around 1,30,000 (equivalent amount of corpus which was deposited by company since 4-5 years) . I want to clear even after start of pension we can withdraw 1/3 rd amount because me and sister are in requirement of money .The option we selected is life pension with return of corpus , but dont know that father had selected 1/3 rd option. please guide sir.

        1. Hi Amit

          I think you will have to file a RTI to resolve this , my understanding is limited in this !

  128. SGupta says:

    I want to change the bank a/c no. where the superannuation pension is deposited every month. Does anyone know the process of changing the bank a/c for superannuation pensions.

    1. I am not sure if this can be done so easily, can you check with our forum members – http://www.jagoinvestor.com/forum/

  129. Dhananjay Dable says:

    Dera sir
    i was working in a private company and resigned after completion of 5 years. company has deducted the superannuation amount for 5 years but now i wnt to withdraw the same as the new company dont have the scheme. what to do for withdraw the amount as earlier company is not responding also i dont have the ac no ant the status of the fund also . pl guide

    1. Better file an RTI now .. because you have to settle it from EPFO , not your previous company !

  130. Chethankumar says:

    my employer has selected ICICI group super annuation fund, where employer pays 12% of basicpay+D.A and 8% of Basic + D.A is deducted from my salary every month, i want to know how exactly the plan works and if the deduction is around 5k every month and if the same salary is hiked 3% every years, waht will be the amount i get after 38 years of service, pls advice

    1. Its not so easy to calculate like this , there can be many factors in between . Will you do the job at same place for 38 yrs ?

  131. Vinay Jain says:

    Dear sir,
    I had joined Limited Co. in Dec.07 and left in Aug.09, and there was a Deduction of 15% of basic Salary as Superannuation contribution. They have created their own Superannuation trust not with LIC and deposited our amount in that Fund. After I left the Co. , they told me that you have not completed Service of 5 years, so your Contribution has been forfeited. Superannuation contribution was part of my CTC, not paid by Employer other then CTC.

    Now they have made rule that Superannuation contribution may be withdrawn or to be paid to Employees, who are at present on Pay Roll, not to Employees, who left the Co. earlier.
    Pl. advice, Can I get my Superannuation contribution of 21 month back, as this is Hard Earned Money.

    Thanks & regards,
    Vinay Jain

    1. Vinay

      At the time of joining what was the agreement with your company , if it said that you will have to serve for 5 yrs to claim that , only then you will be able to get it , else not

      1. ravi says:

        Hi Manish,

        Thanks you very much for the clarity

        I worked in an organization for 1.8 years and moved to new company. Is it wise to continue or shall I withdraw the amount? my employer contribution was 15 % to the basic. Pl assist


        1. YOu should ideally transfer the EPF to your new company !

        2. If you need the money right now , only then you should withdraw , else transfer it !

  132. ashok k vig says:


    I was a employ in a private sector company and our management deposited SA till Dec 2010 there after the management changed and new management stoped the deposit I got retired on 09.06.2011 but the present management is not fullfilling the forms to LIC please guide me how can I get my money and pension.



    1. If things are not going as per rules, you need to file a case against them !

  133. Pradeep Anavatti says:

    Thanks Manish,
    This is good article. Please let me know how to know the status of application of super annuation after applying for withdrawal.

    1. I am not sure on that right now , you might want to open a thread on this – http://jagoinvestor.dev.diginnovators.site/forum/

  134. Sanjay says:

    I am a businessman. Can I be eligible to open a Supperannuation Account for my retirement age (60+ age). If not, how can I get a pension facility ?
    Please provide me some information.

    1. Its just a benefit to salaried people . I think for pension thing , you should read this – http://jagoinvestor.dev.diginnovators.site/2011/10/pension-plans-drawbacks.html

  135. Prateek Agarwal says:

    ‘The balance 75% is put in a annuity fund’-How to check the balance at this stage?Can this be withdrawn afterwards?

    1. You can only use RTI in this case .!

  136. Anu says:

    Let me explain you my question.
    You have written:
    1. Go to licindia.com

    2. Register for a user id and password.

    I am not able to find link to register for a user id and password on licindia home page.
    Link on home page “New user? Click here” is taking to a page where first thing it is asking is policy number and premium, which doesnt looks like for super annuation fund because for super annuation we dont have a fixed premium.

    I have group policy number with me.

  137. Anu says:

    Hi Manish,

    I tried to log in to lic india but first thing it is asking is for a policy number and insurance premium.


    can you provide me link to complete step 2 of login process?

    1. No idea on that .. those things you will have to find yourself !

  138. Lokesh says:

    Dear Manish,

    Is it good to continue the SA instead of taking the money as part of the monthly salary, could you please clarify on this?

    1. If you can get it as part of salary, better take it and invest on your own !

      1. Dheeraj Puri says:

        If you are taking it immediately it is taxable, but If you keep it till your retirement the commutation value 1/3 is non taxable and you will get pension on the balance fund as per our pension option. You fund will accumulate with minimum 9% and higher depending upon the superannuation fund size of your company.

        1. Thanks for that info !

  139. Manjeet says:

    Dear Manish,

    As a practice company provide statements as per finicial year period for ex March 11 to April 12.

    Does march month contribution included in a yearly superannuation statement issued by Organsiation or it will remit in the next finical year statement.

    Kindly confirm.

    1. Are you sure they are giving mar – apr , because generally its Apr – Mar

  140. G.Manikandan says:

    G.Manikandan September 11, 2012 at 5:18 pm

    First off all thanks to every one who all are given ideas and solutions and very useful one. once again thank u u very much.

  141. Sudhanshu says:

    My company has been aquired by another compnay which does not have Super Annuation so Management/Trustees has decided to close the scheme.

    Now i get pension from LIC, is this pension will be taxable.

    1. Yes it will be taxable , i mean the pension , not the amount you get from superannuation

  142. ananth says:

    Thanks for the Clear details and guildelines to check the superannuation on the LIC webpage. I could do it in 5 mins, and check the balance. One clarification: It shows only the accumalated value, how can I check what is the interest earned for a particular year or for this amount?

    1. Ananth

      I am not sure on that. you can do that with LIC using a RTI query !

  143. DR AK SAXENA says:

    whom to contact in LIC to know the status of my LIC superannuation claim after 60 yrs of age? how long it takes after sending the claim?

  144. Satendra Dusad says:

    I am working in a division of Pvt Ltd Company. Our Division have different rule with that of Main Company in respect of Superannuation. Main Company deposit Superannuation for all employees having manger level while we at division deposited only for CEO Level. Could I know the impact of the same. Is this is acceptable to LIC Fund that Main company and Division have separate rules.

    Thanks in advance

    1. Yes it might happen . Note that its a benefit and not a standard thing which every company does, So it can happen !

    2. Prem Pratick Kuymar says:


      I am working on Contract, Can I on my own open a Superannuation account? and tranfer 15% of my basic or does my employeer has to do this.

      If yes, there when I can do this in Delhi?

      Prem Pratick Kumar

      1. Its from employer , you cant do it on your own !

  145. Satish Krishnan says:

    I have paid SAF for a period of 1 year, and i would like to stop SAF, can i get the full amount which i have paid or only 33% of the accumulated money and remaining i have to get the Pension as per LIC.

    SAtish Krishnan

    1. You will get only 33%

  146. nipun says:

    -Is it correct to show the superannuation as part of CTC?
    -Is an employer free to make rules like – employee will get his superannuation fund only if he completes 5 years service with the them?
    -What rights does an employee have , if he has no information about his superannuation account no. , the balance from the employer?
    -What if the employee does not work till his retirement? will he loose all his superannuation fund.
    – What if employer is not maintaining superannuation fund with LIC , and another employer does not have superannuation scheme? What would happen to the fund?
    Kindly confirm

    1. – Yes most of the companies show super annuation in CTC only . If they do not show it , then your CTC will be lower , simple

      – Its not a employer rules , its super annuation product rule

      – You need to find out the information, ignorance is not a solution

      – No , but you need to work for atleast 5 yrs, on leaving your job you will get it

      – I m not sure on this one

  147. Albert Nicholas says:


    Life Insurance Corporation of India

    Sub: Non-deposit of Annuity Amount

    Ref: Annuity No. OS0042848

    Dear Sir,
    This is to inform you that I have regularly been receiving Cheque for Rs 1,647/- in every six months i.e June & December for the last 10 which was directly credited ti my S B Account No 23268 with Canara Bank. 74 Janpath, New Delhi.

    While checking up with my bank statement, it was understood that the amount of Rs 1,647/- has not been credited to my aforesaid account for the last one year i.e December 2011 & June 2012.

    You are requested to please arrange to credit the amount of Rs 3,294/- (i.e 1,647 X 2) t my above mentioned S.B Account No. 307101023268 at the earliest and oblige.

    For your kind information, my current address is mentioned below :


    MOBILE NO. 9811890625

    I shall be thankful for your immediate action in the matter.

    Thanking You
    Yours Faithfully


  148. Manoj Sharma says:

    What is the pocedure of withdrawn of Superannuation from previous employeer M/s Shree Cement Limited.

  149. PS says:

    I have Superannuation policy through my MNC. I want to know detail for withdrawal part. It would better if you can guide with example. Like if at the time of retirment my total amount with LIC is 5 lacs and I opt for life time pension, after my death what amount will be given to whome? How corpus will be calculated? Or pension will be given to nominee?

    1. PS says:

      In addition..
      (1) Presently LIC is giving 9 to 9.5% return, the same will be given for pension also?

      (2)You have written : “Corpus is what is left behind with LIC after commutation (max of 33% of total contribution +interest accrued can be commuted)” could you explain in detail?
      (3) What is major negetive points to opt Superannuation?

      Kindly advise.

      1. Which product gives 9-9.5% , who told you that ?

        Pension will not be more than 5%

        1. Dheeraj Puri says:

          The superannuation accumulation miniumum interest rate of LIC is 9% goes upto 9.66% depending upon the fund size of the Superannuation fund of the company with LIC. The pension option mostly pension choose is Return of Capital where Pension rate is around 70/1000 depending upon the corpus and mode of annuity payment.

      1. PS says:

        I have tried to ask in http://jagoinvestor.dev.diginnovators.site/forum/

        but not able to create login due to error.

        Yearly return 9 to 9.5% is shown in yearly Superannuation policy statement from LIC which I received. My opening balance was 1.5 lacs and interest received 14k.

        This is my just 3rd year of contribution towards Superannuation.

        1. Sent you the login/pass , now you can ask it

  150. PATTEL KUMAR says:

    Dear Manish
    I am surprising that If i take 1/3 commutation balance will be around Rs.434000/-against I am getting only 5 % return as yearly pension Rs.(21700) . If suppose I deposit in F.D I will get apprx Rs.40000/- per year .

    I choose 1/3 commutation and balance as annutiy on attaining on age of 58. Pl clarify the point

    Pattel Kumar

    1. the sad truth is that any pension plan in India gives around 4-5% only , thats how it is !

      1. M.A.ZOKANDE says:


        1. What will you take up with lic ?

  151. PATTEL KUMAR says:

    I am s member of superannuation scheme. My old employer was contributing to superannuation ,At present there is no contribution, I will retire on 17.05.2015 on attaing 58 years. My superannuation account balance is aorunf 650000/- How much i will get as monthly pension after commuting 1/3 of the amount

    1. You can expect 4-5% of the remaining amount as pension per year , It also depends on which mode you choose ?

  152. Amitabha Roy says:

    Thanks a lot. I can check my Superannuation accumulation in LIC website now with the help of this valuable post.

    1. Amitabha Roy says:

      It is dd/mm/yyyy format. Birth day can be picked with the date picker or can be typed as 31/12/1980.

  153. Budhendra Bhati says:

    pls explain me following options in superannuation withdrawal.
    1. Life pension
    2. pension guaranteed for 5/10/15/20/years + life
    3. Life pension with return of corpus
    4. Joint life pension.
    i am an young person of 38 years which option is best for me.

    my Balance is 170000/-

    1. this question is better suitable for our forum : http://jagoinvestor.dev.diginnovators.site/forum

  154. sunu says:

    if i opt for superannuation (ICICI) and leave the company after 2 months (only 2 months contribution done amounting to rs 8000) will the entire money vanish ? I was working in the company for 2 years but opted for supperannuation late. in that case does my entire money vanish ? assuming that i dont work any more or i dont have SA in further work. what will be best for me here ?

    1. Can you extend this conversation on forum , that would help you get some better replies : http://jagoinvestor.dev.diginnovators.site/forum

      1. sunu says:

        i am unable to create user it says email already exist

        1. You must have got a mail with login/password

  155. Noduletech says:

    I have worked more than 16 months and left the company in 2007 Aug, can i with draw the supper annuation amt now ? in 2012

    1. I am not sure if you will get it like this , start a thread on our forum for this : http://jagoinvestor.dev.diginnovators.site/forum

  156. Vishesh Kavi says:

    I have worked in a company for 4 years, and then changed my job, i want to transfer my super annuation fund to the new company , but my previous employer says i can do only if i had worked there for 5 years. please advise what i can do.
    1 Can i transfer the fund to my new organisation. , if yes what will i get
    2. Can i withdraw the fund since i have already worked more than 3 years in the previous company.
    3. if i withdraw , what will i get,

    1. Vishwesh

      Superannuation is an employee’s voluntry contribution and 15% of his basic salary will be deducted for the same. When ever he leaves the particular organization, he can withdraw the amount. But Employee can withdraw 1/3 of Superannuation Fund as tax free income and with rest pf 2/3 he has to buy an annuity plan (pension plan)

      1. Vishesh Kavi says:

        I got your point sir, but my question is still,
        1. Can i transfer the super annuation fund to the new organisaition like PF transfer.
        2. i have worked for more than 3 years, can i withdraw

        1. Vishesh

          Yes i am not sure on these points , kindly ask it on our forum , you will surely get a right answer there : http://jagoinvestor.dev.diginnovators.site/forum

  157. pkmme says:

    Hi Manish,

    I resigned from my company after 2.2 yrs of service. Shall i get any amount accumulated in my superannuation account? I was told that we need to complete 3 yrs to get any amount from the superannuation.


    1. pkmme

      Yes .. you get it only if you complete 3 yrs in company

  158. SUBRAMANYA C P says:

    LIC ID NO: 10833

    1. Its mentioned in the article

  159. darshan singh says:

    I m getting pension since may 2010 after opting for 1/3 withdrawl and 2/3 for pention. Can i modify it at this stage?

    1. Darshan

      I dont think you can modify it


  160. darshan singh says:

    Really very good piece of information to one and all. Keep it moving

  161. Hari says:


    Thanks for sharing the valuable information. I was able to view the Super Annuation Scheme contributions made by me and my employer. I would like to add some more points.

    1) This is not a mandatory scheme and hence purely at the discretion of the organisations to choose criteria for providing the super-annuation scheme for the employees.

    2) There can be 2 parts -> Employee contribution & Employer contributions. Though the Employee contribution is absent in general, there might be cases where the organisation asks for contributions from employee as well.
    For instance, our organisation contribuites equal amount of employee’s share to the Super Annuation Fund(capped at 10% of basic). While employee’s share and interest on it is fully available for annuity plans, the employer’s share may vary depending on the service contributed – ranging from 10% for less than 5 years to 100% for 9 years and above.

    You need to know the following before going to the provider’s portal
    a) Whether your company is providing Super Annuation benefit. If so, are you eligible for the Super Annuation in case of any criteria.
    b) The reference id’s (such as LIC id and policy number) of the Super Annuation scheme.


    1. Hari

      Thanks for providing that additional information 🙂

  162. Shri Niwas says:

    I have retired from a MNC in Ghaziabad after serving 34 years.
    My company provide super annuation to its employees, and I am elligible for the same and superannuation pension. I would like to know the calculation or formula to calculate monthly pension to plan tenure of the pension. How can I come to know ? please advise.

    Shri Niwas

    1. Shri

      Planning for that will be little tricky .. I assume you are talking about the LIC super annuation form which you get .. you have to choose tenure and the option of getting the principle back or not in the end .. This info is not available like that … the choosing of the option should depend on few things like

      – Do you want the principle amount at the end ? This if ticked YES will mean less pension each month
      – Higher the tenure – lower the pension

      Now combine these two things and decide which one you want


  163. Shankar.K says:

    I have resigned from one organisation after completion of 17 years of service, and they told me that you are not eligible for getting superannuation fund as you are receiving through your salary. But i have not received the same through salary before 2007. ( On 2007 they forced me to sign ). Let me know the proceedure to proceed further?

    1. Shankar

      What are your office people saying when you tell them that you were not getting it before 2007 ?


      1. Shankar.K says:

        Dear Manish

        Pls find the reply received rfom my Payroll Helpdesk.

        Dear Shankar,

        For period prior to 2006 Oct you was not eligible for Superannuation allowances,for further clarification please get in touch with HRMG.

        Kindly advice me in this regard.


        1. The right place to ask this is jagoinvestor.com/forum

          1. Shankar.K says:

            Dear Manish

            Where i have to escalate the issue, or to whom the rightperson to contact .
            Kindly Guide


            1. Make a LOGIN at forum jagoinvestor.com/forum and start a thread there .. you will get appropriate reply there

  164. SURAJ BHASIN says:

    Please let me know if there is any option to check the LIC ID of Annuity can be checked as customer care numbers are always non responsive.



    1. Suraj

      Ask this on our forum : jagoinvestor.com/forum

  165. Ciby John says:

    Want to know if it is compulsory to join the company’s superannuation plan. I am not interested but company is insisting that i be a part of it. Also i came to know that the funds is not deposited before completion of 5 years of each employee with LIC. I don’t know what is that agreement/adjustment with LIC. Also the company will not return back the money if i do not complete minimum of 5 years. All this i came to know only after joining and feel very cheated. I would like to come out of the scheme and since i have only completed 1 year, i don’t mind relinquishing my earlier contribution in this regard. Please advise.


    Ciby John

  166. Rhaama Mohan says:

    Dear All,

    I have a query my company is having super annuaction fund,for my existing job i have resigned but they have not clearedmy setelment.

    Kindly suggest how to get back my money.

    Thanks & Regards

    Rama mohan

    1. Rhamma

      They will give you the right explaination for this . what are they saying ?


  167. KUNJUMATHUNNI says:

    I would like to know my LIC ID of folg Policy, which has not been provided by LIC. Please help.


    From: MSP
    To: Customerzone_delhi
    Sent: Friday, July 01, 2011 2:35 PM
    Subject: Siuperannuation – Policy No. GS/CA/48538/1452

    Dear Sir,

    I am an employee of Max India Ltd, who has the above SA policy with your office at Div. office 1 (25 Kasturba Gandhi Marg)..

    I would like to know my LIC ID to enrol at the LIC portal. Please provide.


    LIC Policy holder

    1. Did you talk to customer care of LIC ?


      1. KUNJUMATHUNNI says:

        yes please. the folg reply
        —– Original Message —–
        From: customer zone
        To: MSP
        Sent: Monday, July 04, 2011 5:42 PM
        Subject: LIC REPLY H

        Dear Sir,

        We may inform you that policies taken individually from LIC can only be registered in the Customer Portal..Group pension policy can not be enrolled/viewed in Customer portal..

        Thanks !

        H-39, New Asiatic Building,
        Connaught Place
        New Delhi.

    2. Madhusudhan Kumar says:

      Try group policy number as 48538 and lic id as 1452.

      1. SURAJ BHASIN says:

        Dear Madhusudhan

        Thanks for the guidance.


  168. R RAVIKUMAR says:

    Dear all

    Pl clarify my doubt.

    I have a member with account number and yearly accumulations also given for a period of 13 and half years. After my resignation my management refuse to pay my super annuation saying that i have not completed the age (50 Years) and the service (15 years) period. This requirement has been implemented by the management during the 13th year of my servic. \
    Pl clarify, any such rules linked with LIC is available, if so whether such rules can be impledted post facto?
    I have about 1.5 Lakhs, i have all the annual accumulation papers given by management ? I am struggling to get the same from the management for the last 8 years. Advise me the possibilities? how i can get my SA accumulations?

  169. R RAVIKUMAR says:

    Dear all

    Pl clarify my doubt.

    I have a member with account number and yearly accumulations also given for a period of 13 and half years. After my resignation my management refuse to pay my super annuation saying that i have completed the age (50 Years) and the service (15 years) period. This requirement has been implemented by the management during the 13th year of my servic. \
    Pl clarify, any such rules linked with LIC is available, if so whether such rules can be impledted post facto?
    I have about 1.5 Lakhs, i have all the annual accumulation papers given by management ? I am struggling to get the same from the management for the last 8 years. Advise me the possibilities? how i can get my SA accumulations?

  170. S.N.Ingole says:

    I got retired in the month of June’2011 after servive of 28 years. Till date I am yet to receive 1/3 commuted payment as well as monthly pension from LIC. How long I have to wait.

    1. SN Ingole

      You need to enquire it from LIC only .

  171. PRAVIN WANKHADE says:

    I have worked with Ispat Industies Ltd for the period 27/01/2007 to 16/06/2007. During this tenure they have deducted my superannuation amount INR 2100 per month. When i called their HR Dept they said on my full and final settelment they gave me jan – march 07 (3 month amount) and for April – June 07 (3 month) they said they cant give the the balance amount.
    Now sir i would like to ask you can i get this amount?
    Please guide.

    1. PRavin

      As they said that they made all the payment , so it must be true .. also super annuation is given on certain rules ..


  172. J Pramod Kumar says:

    This was a brilliant piece of information, i have certainly benefited out of this. Keep this going

    1. Pramod

      Thanks … tell more people about it

  173. Ravi says:

    Very useful information…. thnQ all..

  174. Anju Batra says:

    Hi Manish,

    Nice information.
    I tried the process to check the accumulation but could not even register. It asks for premium installation amount to register. Does it mean individual installment or Company’s installment? no idea, How to proceed. Can you help? One more thing, Do you have fare idea about rate of interest paid by LIC since year 2001? If you can share, will be help.

    Thanks & regards,


    1. Anju

      the best answer will come from our forum , ask there : http://jagoinvestor.dev.diginnovators.site/forum/

    2. Anju Batra says:

      Hi Manish,

      Fortunately, I could speak someone from LIC office and understood that only individual superannuation update can be checked online not the group one. Also I have received the rate of interest paid on our group gratuity too.

      Still you made me to dig out and find answer of these questions, thanks
      for that.

  175. mathew says:

    My company had a LIC superannaution policy. Now we were given option to continue it or discontinue. I have discontinued it. How can i get the entire money back . I do not mind even if tax is deducted, but i am urgently in need of money due to my fathers medical emergency. Please help.

    1. Mathew

      Are you sure you will get all the money ? I think “discontinue” here means that you dont need to contribute more in it from now onwards

  176. Rajesh says:

    Hi Manishji,

    I have resigned recently from my current company after working for 3 and half years. Can I withdraw complete superannuation accumulated? I am aware that withdrawal of superannuation would attract tax, but not sure whether 100% accumulated amount can be withdrawn.


    1. Rajesh

      My case was exactly like yours . I also resigned after 3.5 yrs . You wont get 100% of super annuation . It will be part of that . I mean you will get it but after tax



    I had serve a co. for 9yr one month. When I joined, they had the trust & .S.A benefit till 5 year of service. Nothing was shown to us in writing. Mean while co. extende it to 10 years through LIC, that what I have listen. They never mentioned this benefit on papers, bu on the increament letter of 7th year it was mentioned & included in CTC. Now when I ask, they refuse to accept it & says it is lapsed as I have not completed 10 year of service? As such there was no agreement in between. My new emploey does not have such scheme. Kindly yell me how I can get my money now? What are the legal aspects for the same? Can I sue them in court?Please help me.

    1. Shailendra

      Superannuation benefit is not a mandatory thing in India ,its on employer part if he wants to provide it or not , as you didnt had any written agreement on the same , I dont think you can now push for it . If you had something in written , then there are some legal base to fight the case , still I would recommend you consult a CA on this for more deeper understanding .


  178. saxena says:

    basic question, some one in my company told me that the contribution towards superannuation which is 15% of the basic, wil come from my salary, where as i read above that contribution is made by the company ?

    c) The Company pays 15% of basic wages as superannuation contribution. There is no contribution from the employee.

    1. Saxena

      Yea , it comes from the company , its added in your CTC .


  179. gorvishal says:

    Hi Friends,

    I have resigned from my Job & planning to settle abroad on PR visa. I am working in my organization from last 7 years & having benefit of superannuation. Can anybody guide me whether I am eligible to withdraw 100% of my superannuation contribution by providing valid Visa (PR) copy to LIC? Does anyone know rules pertaining to withdrawal of 100% superannuation contribution in case of foreign migration of employee?

    Your early reply will be highly appreciated.


    Vishal Gor

  180. LIC says:

    Life Insurance is being popular due to its jeevan saral plan. In this plan nominee can get @250 times of the monthly premium and total premium deposited with LA if applicable.

    1. Can you please compare it with SIP in mutual funds for long term like 10-20 yrs ? It would really help to take decision ?


  181. satish says:

    Very informative and valuable piece of information. Keep up the good work.

  182. Bhagyashree says:

    thanx a lot for the valuable post!!!!!!11

  183. B.Mohan says:

    Hi Manish, 24.3.2011
    LIC is giving me only 6% interest monthly (Rs 1182) on Rs 208364,
    from last 7 1/2 Yrs i.e from 1.8.2003 tilldate, as they are giving very low rate of interest, what are my options to get high rate of interest,as we cannot fight with LIC OF INDIA, as we are old & we do not have any group & we
    do not know whom to approch. Waiting for your guidance.
    Thanking you,

    1. B. Mohan

      Which policy are you talking about , LIC is giving you the interst as per hte policy only which you agreed by signging the documents .


  184. P S Patil says:

    Thanks I could retrieve the information as given in the artcle thanks once again.
    p s patil

    1. Nice .. can you share what you did ?

  185. Professor Dhabalendu Samanta says:

    Hello Manish,

    I have worked in my previous organization for 10 years. I have applied for withdrawing superannuation money around 8 months back. I have not received any money till date. Whenever I asked my previous organization I receive reply – “we are following up with LIC and we will let you know as soon as settlement cheque will reach us”.

    I request you to let me know how I will come to know the actual status of my superannuation money.

    With Regards,
    Dr. Dhabalendu Samanta
    AEC, Agra, U.P.

    1. It would be good idea to ask it on forum , there are better knowledgable people than me on this point

  186. Bhargava says:

    Dear sir ,
    my company SUPERANNUATION SCHEME is maintained in LIC chennai branch . i know Group Id . i am unable to get Policy id for the same . Do you have any help line numbers for getting policy id could you please post the same .

    1. Bhargava

      You should ask it on forum , you will get others views : http://jagoinvestor.dev.diginnovators.site/forum/

    2. Ajay says:

      Bhragava – LIC sends a report every financial year with the contibutions, balance etc. Your payroll should have this ID with them. Check with them

      1. Bhargava says:

        Hi Ajay and Manish

        thanks for you immediate replay. Polaris payroll gave one document for withdrawn superannuation amount . i am unable to fill few of the columns. can you please help me . i had worked Polaris 3.9 years .
        I need to withdraw all my superannuation amount.
        I need to withdraw all my superannuation amount.

        1) Whether commuted Value is desired? YES / NO
        (1/3 of Pension can be commuted by those
        receiving Gratuity and 50% for others)
        What i can fill for this question this yes or no

        2) Tye of Pension selected
        a) Life annuity with Return of Capital

        i want to withdraw all my amount with out chosen any pension. What is the option i can choose .

        c) Mode of Pension: Monthly / Quarterly / Hly / Yearly

        What can choose the option


        1. Bhargava

          In your case as you have not worked for 5+ yrs, you will not be eligible for gratuity , In your case , You will NOT BE ABLE to withdraw 100% of superannuation ., Its not possible so you have to go with 1/2 option . 1/3 is for people who are eligible for gratuity .

          So you will get 50% money withdrawan and other 50% will have to go with LIC for pension which you will get after you are old enough to get it 🙁 .

          Now its your option which kind of pension option you choose , the less the tenure , the higher the pension , if you want to get the money at the end , you will recive less pension . Pension frequency if what you have to choose , choose monthly only


  187. Manjunath says:

    Dear sir,

    Can anyone, please, explain the following options of payment of Pension?

    Pension guaranteed for 5/10/15/20 years and life thereafter

    This is regarding the Group Superannuation scheme

    1. Manjunath

      More lower the tenure , the larger the pension, decision is yours


  188. rukesh says:

    i dnt get ma answer…il repeat…
    my super anuation fund goes to hdfc & not lic…then how will check the performance of ma fund…n also is choosing hdfc over lic .. a good idiea???

    1. Rukesh

      Something similar should be there with HDFC , you should be quering this with HDFC , it should not be a major problem even if its with HDFC , but never heard or it .. people will suck your blood out if they hear it .. they just dont like it .. its a attitude issue !


      1. rukesh says:

        thnx fr d reply manish

  189. LIC says:

    I love LIC insurance not any others.

  190. rukesh says:

    hey manish my super anuation fund goes to hdfc & not lic…then how will check the performance of ma fund…n also is choosing hdfc over lic .. a good idiea???


  191. bhaskar gogoi says:

    I tried this with the details like Master Policy No., LIC Id and ’01/07/1960′ and got my details.

    Also this site damn slow, took me several attempts to get to the desired page.


    1. ok great

      There are many who are not able to get the details



    i am having group policy and lic id but while entering DOB my policy is not getting registered, Ihave tried the options like ’01/07/1960′ / ’07/01/1960 & even my DOB. Now what to do?

    1. Try 1960/07/01


      1. PADMNABH TRIPATHI says:

        it is not accepting this format? I have tried all the ways?

        1. Padmanabh

          I am not sure in that case .. you can try asking on forum : http://jagoinvestor.dev.diginnovators.site/forum/


        2. Keyur Shroff says:

          I was also facing the same problem last month as my DOB and other dates were not working and the LIC webpage was giving authentication related error. I contacted LIC through my company and requested them to look into the problem. Then I tried after some days and I was able to see my superannuation policy.

          1. Keyur

            Thanks for letting us know this .. It gives a good solution to others .


    i am having group policy and lic id but while entering DOB my policy is not getting registered?

  194. Kunal says:

    Hi Manish,

    I am able to enroll the policy…excellent and very helpful article.

    I have one query who do I claim this amount from LIC? please help me the procedure.

    thanks, kunal

    1. Kunal

      It would be wise to pose your question on the forum : http://jagoinvestor.dev.diginnovators.site/forum/

  195. Kunal says:

    Hi Manish,

    Thanks for the article, I have some queries in my mind.
    My previous employer use to deduct SA amount on monthly basis and submit it to LIC (I have the reciepts). Its a private firm & I worked there almost 2.9 years. Thereafter I joined another private firm which doesn’t have any SA scheme so clear my below doubts.

    Do I am eligible to withdraw SA; if yes than how much can I withdraw, partial or full amount?

    If I can’t withdraw SA is there a procedure to transfer even if my present employer doesn’t have any SA scheme

    Kindly clarify, thanks kunal

    1. Kunal

      I would recommend you ask this question on our Forum : http://jagoinvestor.dev.diginnovators.site/forum/


  196. N.Balasubramanian says:

    Request clarification Sir,
    After 60 years, on receipt of commutation amount from LIC ,to the trust, who inturn has to pay, says that they will deduct income tax based on previous 3 yrs.
    The commutation amount is about Rs. 2.5 lacs.
    Kindly clarify. Regards. NBS

  197. Ajay says:

    The steps worked for me…

  198. kumar says:

    I just wanted to thank you.
    After reading about supperannuation on this website I did get my LIC id from my company and can view it online on LIC’s website.

    Thanks again.!


    1. Kumar

      Good to hear that 🙂


    2. Madhusudhan Kumar says:

      For Date of Birth, I used 01/07/1960, 07/01/1960, DOB, DOJ. It says it is invalid authentication. What did you use?


  199. Gautam Sarkar says:

    I am working in an organization which has superannuation scheme since last 19 years. My present basic salary is 1600/- Can any one help me to know how much and in what way I will be able to get benefit from this scheme and what will be the approx. amount of pention per month.
    Thank you
    Gautam Sarkar

    1. Gautam

      This would be very specific to your company , you need to extract info from your department .


  200. D.Venkateswaran says:

    LIC Superannuation scheme: Question: Supplose my account is showing a balance of around 5 lacs after two years(my age 60 years at that time), what will be my monthly pension and upto what age, will i get pension. Whether my wife will get any amount after my death. Pl clarify.

  201. Pash says:

    I am eligible for SA and it is deducted from my salary (15% of the basic).
    Does company add 15% additional basic to the SA account?
    It is possible to use this under section 80C?

    1. I dont think so , they say SA comes under 80C , but i havent seen anyone including it


      1. Debjyoti Banerjee says:

        Dear Manish,
        I work in a well known PSU. When i joined this company, they offered LIC Group Superannuation Pension Scheme. 7.5% of basic is paid employee and another 2.5% is paid by employer. So when I was calculating my savings u/s 80 c, the employee side contribution (mine) was added along with my EPF contribution. The remaining amount after subtracting from 1,00,000 u/s 80 c, i invested in PPF. So yes, if employee contributes in Superannuation scheme, it comes under Sec 80 c.

  202. Ashutosh says:

    Thanks. Following your instruction above, I could upload my SAF in my account. Thanks once again.

    1. Great to hear that 🙂


  203. yashodhan says:

    I received the group policy no from my employer which is GSCA/… followed by a 6 digit number. I am trying to enter those 6 digits, but it says policy number is not correct. I dont understand the problem, because the Policy number is correct as received from our payroll dept. Could you tell me what could be the problem?


    1. Are you sure you are putting date correctly , reverse the date order and check ?


  204. Shantharam says:


    Wanted to know if the 15% contribution by the company is a monthly one or yearly ?


    1. Ajay says:

      I think it is 15% of the basic and is deducted monthly. Eventhough the 15% of yearly basic also adds up to the same value of 15% of monthly * 12 months. I am not use if the company deposits it with LIC every month / quarter / yearly.

  205. vivek sipani says:

    Dear friends,
    I would like to know:-
    Whatever ammount i invest in SA is it deducted from my gross salary like”Housing loan Interest” i.e. is it a ammount that is above 1.0Lac normal investement which we do or not??.If any one clear ,pl help.

    1. Vivek

      Superannuation does not form part of 80C , also its not done explicitely by you . its a seperate thing .


  206. prashanth says:

    My company has SAF scheme, but the policy states that the amount will be deducted from the employee salary towards SAF. Its unlike what u said that employer will fund. I am bit confused if i have to opt for it :S


  207. sandeep says:

    thanks. I knew my company had SA funds and i can see reports of the amount my company has…but never knew what it meant :)…

    1. Sandeep

      Glad to know that you know it now , Better know what all is yours , so that at the time when you need it, you can use them all .


  208. AnanthKRS says:

    Wonderful, thanks for the info. it was very useful

    1. manish says:

      thanks Ananth

      I am glad it helped you 🙂


  209. balbir2997 says:

    Hi Manish,

    Thanks for this article. I have successfully added super annuation in my LIC portal.
    I got group policy number and LIC id number both from my finance department. And for
    the for birth details, I tried 01/07/1960, my DOJ and DOB, and luckly DOB worked 🙂

    Thanks again,

    1. manish says:

      nice .. i am glad it worked for you ..

    2. Madhu says:


      It is regarding checking of my superannuation fund balance online. I have my company’s group policy number and LIC id.
      When I open ‘new user registration’ in licindia.in, it asks for following 4 information:
      1) Policy No:
      2) Installment Premium:
      3) DOB:
      4) Email ID:

      Should I use the group-policy number in first box?
      I don’t know what premium amount to put.

      Please help,

      1. Yes you have to put your policy number in the first column .


        1. Madhu says:

          Manish, thanks for the reply.
          I used 6-digit policy number, excluding GSCA. It says that policy number is used. What to do?
          What premium amount to use.. as it kept varying every year and I have left the company now?

          1. Madhu

            You should ask this on our forum now , as I think there will be some one who might have seen this already : http://jagoinvestor.dev.diginnovators.site/forum/

        2. Rahul says:

          Manish Sir,Thanks for the Information

  210. I was working from Feb 1995 to August 2005 with United Phosphorus Ltd at Ankleshwar Gujarat & my Super annuation Fund was getting deposited at LIC India Mumbai.After resignation from there I joined & worked from Oct 2005 to June 2006 with Hindustan Construction Co & Super annuation Fund was also deposited at Mumbai.After resignation from there I am working with Co. which does not have Super annuation Scheme.
    1.I want to know how can I combine both accounts into one.
    2. Or I can withdraw superannuation fund totally from both these account separately without any loss.
    Please guide me.

    1. manish says:


      Better you ask this question on jagoinvestor forum , I have no information regarding this .
      Try to get more info from your previous company .


  211. Dikul says:

    how can i know my super annuation amount online????
    where i register ?
    naw i m working in cema.
    pl. any body help me?

    1. manish says:


      Try asking your Company Finance dept .. Or better ask in Forums here at this blog


  212. Manish Kataria says:

    It is good to know.

    1. manish says:

      Welcome to Jagoinvestor 🙂


  213. Manish Chauhan says:


    I am sorry but i dont have full information on this , the best thing for you would be to bug LIC to help you on this .


  214. gp says:

    I was eagrly searching for this valuable information.Thank you for your informative article and I could login to my details on licindia.com site. I have already commuted one third pension I am quarterly receiving annuity however I wish to withdraw the balance amount. I am 56 years old and had resigned from the Company and now I am unemployed.i shall be thankful if you could guide me for full withdrawal of the money.Thanks once again…Ram gp

  215. Manish Chauhan says:

    is it related to Superannuation ?


    1. DILIP Konar says:

      i was working with HCC company , there was superannuation scheme was running. i had leaved from that company, but i want to continue my company,s superannuation scheme myself.

      1. Dilip

        It does not work that way .. superannuation you can continue only when you are employed!

        1. Nilufer says:

          Hello Manish,

          Can contribution to superannuation be increased by an individual, just like how we have Voluntary Provident Fund..? Employer can contribute his exact figure to superannuation, and over and above that if we want to contribute, can that be done??

          1. Actually , I have not heard about it … Not possible I guess

  216. Anonymous says:

    Can some one let me know calculation sheet available to make out what ROC benificary or nominee will be getting in Life + Roc scheme for corpus of 10 lacs with start age as 42 and estimated life up to age of 90. I am unable to get answer from LIC as well my employer.

    1. Manjunath says:

      If my understanding is right, Corpus is what is left behind with LIC after commutation (max of 33% of total contribution +interest accrued can be commuted). Your annuity amount depends whether your annuity os monthly or qursterly, half yearly or Yearly and the Corpus. In the case of Annuity for life, the annuant will receive annuity till death (whatevber be the age at death). Upon the death of the annuant, his/her legal heir gets the entire amount in corpus without any interest, etc.

      1. Manjunath

        Even there is a option , if you want the corpus at the end of your death or not , If you choose that you get the corpus ,then your pension becomes more lesser .


        1. Manjunath says:

          Yes, I agree with you. There are 5 differnet options one can exersie at the time of retirement/change of job/etc. They are all listed in the LIC of India web site under Group superannuation scheme.

        2. Murthy says:

          Thank you for the information.It is useful.

      2. Kiran Shet says:

        Dear Manjunath,

        I have a related query on taxation of the commutation amount, my previous employer says the commutation amount is taxable at 30%, however I understand from various posts and responses on the net that, the commutation amount should be added to the individuals income of that particular FY and taxed as per the tab slab for that FY.

        which is this correct ?
        a) Tax to be deduced at 30% of the Commutation amount ?
        b) Commutation amount to be added to income of that FY and taxed accordingly ?

        Your response and input will be greatly appreciated.


        1. Kiran

          Better ask on forum – http://jagoinvestor.dev.diginnovators.site/forum/ , other readers might not check your question !

    2. Manjunath says:


      In the example you are talking about, the beneficiary or nominee will only get Rs10Lakhs, which is the corpus, in the event of the death of the annuant. If annuant lives upto 90 years, he/she will receive annuity for 48 years. The beneficiary or nominee will come into picture only at the time of death of the annuant.

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