IndiaFirst Life Employee Retirement Policy

Help them plan for a
stress-free retirement






IndiaFirst Life Employee Pension Plan is a non-linked, non-participating, variable fund-based Group Pension (Superannuation) Scheme which can be taken by an employer to manage employees’ post retirement pension income flow

Reasons to buy IndiaFirst Life Employee Pension Plan

  • Manage employee benefits and earn easy returns by providing security on superannuation benefits for your employees
  • Enjoy a minimum return of 1% per annum on your investments basis the Minimum Floor Rate (MFR)
  • Earn an additional interest on your earnings as declared by us at the start of every financial quarter through Additional Interest Rate (AIR)
  • Option to avail additional funding on initial contribution
  • Flexibility to maintain individual member level account
  • Tax benefits for yourself (employer) as well as your employees as per the existing tax laws
  • Non-zero positive Residual Additions, if any, shall be credited to Policy Account in order to meet the maximum reduction in yield at the end of each membership year starting from the fifth membership year

What are the eligibility criteria?

  • Minimum age at entry is 18 years and the maximum age at entry is 75 years
  • There is no minimum age at normal exit and the maximum age at normal exit is 76 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
  • An optional fixed life cover of Rs 5000 as death benefit with a Rs. 5 life cover premium, per member, per year
  • No limit on the size of fund

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