A plan that helps you meet retirement solutions like gratuity, superannuation and leave encashment for your employees. Also, provides them the additional benefit of life cover.
Here are the products that fall under this category:
Why Choose Group Retirement and Fund Plans offered by IndiaFirst?
Meet statutory and retirement requirements
Ensure availability of funds to meet your obligations towards your employees by investing in this plan
Ease of operations and fund management
IndiaFirst Life manages your funds in the most simplistic and transparent manner
Financial stability to employees/group members
Motivate your employees to perform better by providing them financial stability
Choose investment products as per your need
Depending on your organizational goals, choose between unit-linked or traditional plans
Get tax benefits on the premiums you pay and benefits you receive as per prevailing income tax laws.
Some factors to consider
- Employer-Employee Benefit
- Balancing Act
- Research insurance company’s track record
Gratuity, superannuation and leave encashment form a large part of your employee’s total compensation and by contributing regularly to it, you ensure that your members are taken care of.
You can earn tax rebates and retain the best employees in your company. Your employees can enhance their earnings and enjoy financial stability. This serves as a win-win situation for both parties.
Research insurance company’s track record
Before investing in a group product, it is important to check and compare the benefits of the policy and company’s performance with those in the market.
- How many members are required to avail of this plan?
There needs to be at least 50 members for this plan (except in case of approved Gratuity Scheme, for which the minimum group size is 10).
- What is the minimum age of entry?
The minimum age of entry for the employee is 18 years.