Organization : IndiaFirst Life Insurance Company Ltd
Facility :Buy Employee Benefit Plan
Home Page :http://www.indiafirstlife.com/
IndiaFirst Employee Benefits Plan :
helps you to invest the funds set aside to cover your employee liabilities such as Gratuity and Leave Encashment into market linked investments. This plan offers a life cover for all your employees, securing their families against uncertainties of life.
Key Features :
Master Policyholder :
** You can now manage your future employee liabilities such as Gratuity and Leave Encashment through a transparent and value for money plan.
** The plan offers a uniform life cover of Rs.1,000 for all your employees, securing their families against uncertainties of life.
** You may optimize your investment returns by choosing between four funds across asset classes.
** Additionally under,
Gratuity :
** You may choose to cover the future service gratuity benefit of all your employees.
** Your contribution is a deductible business expense*
** Gratuity benefits are tax free up to Rs.10,00,000 in the hands of the employee.
** Any death benefit under the group insurance is tax exempt under section 10 (10D) of the Income Tax Act 1961.
Leave Encashment :
** You may choose to cover the leave encashment liability of all your employees.
** You may provide a perfect balance between a life cover for all your employees and best in class investment of Leave Encashment liability contributions.
Risk Factors :
** The premium/ contribution paid in unit linked life insurance plans are subject to investment risks associated with capital markets and are not guaranteed.
** The value of the units may go up or down based on the performance of the fund.
** Factors influencing the capital market also affect the value. Hence, you are responsible for all your decisions.
** The past performance of funds does not necessarily indicate the future performance of any of the funds provided under this plan.
** IndiaFirst Employee Benefits Plan does not participate in the profits made by the company.
** Payment of Gratuity liability other than life cover benefit will be limited to the fund value.
** Tax benefits are subject to changes in tax laws.