A group gratuity insurance policy is an essential tool for managing employee benefits, offering tax advantages while ensuring seamless administration of retirement funds. Designed to simplify complex fund management, this policy provides:
Eligibility Requirements: Employees must complete five years of continuous service to qualify for gratuity benefits.
Scientific Investments: Funds are invested in a well-researched mix of equity and debt for optimal returns.
Fund Management Expertise: Insurers provide guidance on forming trusts, securing IT exemptions, and effective fund pooling.
Flexibility in Investments: Choose from conservative bonds or balanced equity-debt strategies to suit your organization’s goals.
Gratuity Management:
Gratuity fund management requires formation of a trust and obtaining expense exemption from the IT authorities on the contribution made for the fund. Insurers will advise on the same.
Superannuation Schemes:
Plan management is the most important aspect of the Superannuation fund. Giving it to insurers helps management of fund in a large pool, creates security and eases administration.
Investment Options:
Employers can make multiple choices on investment from conservative treasury bonds to a moderate risk equity and debt combination fund. Edify can help you make the right choice.
Talk to Edify’s experts to design a group gratuity insurance policy tailored to your organization’s needs. Let us handle the complexities while you focus on growing your business.
