| Retirement Solutions |
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| Our employee benefit solutions are designed to enable organizations and groups to offer superior benefits to their employees to meet both statutory requirements like gratuity and retirement solutions. |
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Gratuity |
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While Gratuity is a statutory obligation it is also a very important tool today to create employee loyalty. A comprehensive gratuity plan can help organizations reduce both business costs and corporate tax. Birla Sun Life’s gratuity solution manages your gratuity liability effectively and also helps you release resources for other business activities. |
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SuperAnnuation |
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Today while there is a high awareness of the impact of inflation and its affect on retirement savings among employees, very few would have adopted a systematic and disciplined savings plan to counter its effect. Organizations can play a key role in helping employees to build the desired retirement corpus while at the same time increasing employee loyalty. Birla Sun Life’s solutions can be customized to effectively meet both employer and employee requirements. |
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Leave Encashment |
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Leave encashment liabilities for organization keep growing with time thus straing the organizations resources. These liabilities can bee effectively met through the management of a dedicated fund for leave encashment. Birla Sun Life vast experience in effectively managing funds and delivering superior returns can help organizations effectively manage these liabilities |
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| Protection Solutions |
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Birla Sun Life Insurance Group Protection Solutions provide the benefit of an insurance cover to an entire group of people as a single unit.
This can be Employer – Employee Groups, Affinity Groups and Mortgage Groups |
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Employer employee |
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At Birla Sun Life Insurance (BSLI), our goal is to help you ensure your employees’ well being so that they can enhance their performance & potential. Our protection solutions combine new innovations in organizational benefits with the traditional strength of employee assistance to help you:
Protect your investment in your people Reduce the liability, cost and negative impact of mental ressures in the work place Maintain your position as employer of choice; and Incorporate employer protection & wellness into your core business practices |
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Affinity |
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An affinity group is a group consisting of persons who assemble together with a commonality of purpose or engaging in a common economic activity.
In Insurance parlance Non-employer-employee groups like employee welfare associations, borrowers of a bank, professional associations or societies may also be treated as affinity groups provided the president/ secretary/ manager/ group organizer in his capacity as organizer of the group has an authority from majority of the members of the group to arrange insurance on their behalf. |