Group Superannuation Scheme
What is Group Superannuation Scheme?
"Ensure the financial independence of your employees after their retirement "
Superannuation refers to the regular stream of income – popularly known as Pension – paid to an employee after his/her retirement from service till his/her death. It is a pension program declared by an employer or organization for the benefit of its employees.
In this policy, the investment risk in investment portfolio is borne by the policyholder.
Why Superannuation Scheme?
A superannuation scheme ensures that an employee continue to receive a regular stream of income even after his/her retirement. By investing in a Superannuation scheme, you can ensure that you’ve a pool of funds ready to pay this benefit to your employees.
Helps in creating a separate pool of funds for employees
Provides tax benefits to employees as well as employers
Safeguards your working capital against bulk retirement pay-outs
Benefits of Investing in Superannuation Scheme
This plan allows an employer to make a systematic investment so as to create a corpus for employees' retirement, without affecting his/her cashflow.
Regular Contributions made towards this plan helps an employer to accumulate wealth for employee benefits in a tax-efficient manner.
A part of the contributions made by an employer towards this plan is used to provide life insurance cover to his/her employees.