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Gratuity and Superannuation

Gratuity insurance policy in India enjoys subscription tax benefits. Contributions to a gratuity policy for employee benefits are treated as a regular business expense. Management of superannuation funds is always a complex task for any organization, especially when one does not have a specialized treasury management function. A mistake in fund management can bring liability to the authorities. For gratuity scheme, you should be able to prove that a person was eligible and had worked for over 5 years in the company. Under the Group Superannuation scheme, the funds are invested scientifically and in a well-researched mix of equity and debt. The annual contribution under superannuation scheme and gratuity policy benefits is seen as a business expense, it helps in retaining valuable employees, and it can play a big role in attracting talented resources to the company. Group Gratuity Insurance is a part of a group insurance family. Outsourcing the group gratuity insurance policy advisor allows flexibility and professional management of funds apart from the easy administration of the benefits.

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