Max Life Group Super Life Premier in lieu of EDLI
Great organisations are driven by happy employees. Business owners realise the importance of keeping their workforce motivated. That’s why ensuring competitive compensation and benefits is important. As a crucial component of employee benefits, group insurance can help you create a safety net for your employees and their families. Max Life Group Super Life Premier (UIN - 104N088V02) is one such plan that helps you offer financial security to your employees. It is also a better alternative to the Employees' Deposit Linked Insurance Scheme.
As per government norms, it is mandatory for employers to subscribe to an EDLI (Employee Deposit Linked Insurance) plan for all employees who are covered under the Employees' Provident Fund. However, under the EDLI scheme, benefits do not exceed ₹3,60,000. Max Life Group Super Life Premier can extend life coverage benefit up to ₹6,00,000, as this plan helps you offer better benefits to your employees.
3 Reasons why Max Life Super Life Premier Plan is Ideal for Employers:
- You can provide better financial protection to your employees’ families
- You can improve employee retention with low-cost insurance
- You can get tax benefits while meeting compliance