IndiaFirst Life Group UL Superannuation Plan helps you to invest the funds set aside towards your member’s pension benefit into market linked investments, during their employment. With this plan you can now ensure that your members can spend the rest of their lives peacefully.
REASONS TO BUY INDIAFIRST LIFE GROUP UL SUPERANNUATION PLAN
Manage your future employee retiral benefits such as Superannuation through a transparent and value for money plan.
You may choose to pay the entire contribution on behalf of your members, or it can be paid by both - you and your member.
You may optimize your investment returns by choosing between 3 funds across different asset classes or by choosing any of the 3 Investment Strategies
Your members actually get to see the money grow by watching it being invested in various funds/ investment strategies available under the policy
Members can track their own investment with the option of individual member level accounts in the policy
Your contribution is a deductible business expense under Section 36 (1) (IV) of the Income Tax Act, 1961
Any contribution made by the member(s) towards the Superannuation will be entitled for deduction under Section 80 (C), Income Tax Act, 1961
WHAT ARE THE ELIGIBILITY CRITERIA?
Minimum age at entry is 18 years and maximum age at entry is 70 years
There is No minimum age at normal exit and maximum age at normal exit is 71 years
Minimum group size is 10 members and no limit on maximum group size
Minimum annual contribution is Rs 1,00,000 and No limit on the maximum annual contribution
No limit on the size of fund
An Optional life cover of Rs 5000 as death benefit