Max Life Group Gratuity Premier Plan
Every growing organization has some financial and legal responsibilities towards its employees. Gratuity is one such significant liability paid to employees after successful 5 years completion in the company. In a way, it is a retention tool encouraging employees to stay in the organization for a longer duration. Every company has to have sufficient funds to fulfill the gratuity needs of their employees at the right time. As employee strength increases, managing gratuity payments become more expensive and unmanageable. Getting an effective gratuity plan is imperative to retain employees.
Max Life Group Gratuity Premier plan is one such great employee retention tool which facilitates employers to fund their gratuity liability through good market-linked returns. This plan helps you to deliver long term results for your investments depending upon the performance of the funds chosen by you.
3 reasons why this is an ideal plan for employers:
- Meet your obligations under the Payment of Gratuity Act 1972 with good market-linked returns
- Pay low maintenance charges with good market-linked returns
- Manage large scale gratuity payment effectively with complete assistance from the company