Fit for SME’s and MSME’s. This solutions allows employers to focus on their core business while the onerous tasks of running a pension scheme are outsourced to a professional entity.
Great features
An Umbrella Fund is also a cost efficient mode for provision of retirement and other benefits to employees of participating employers. Additionally, the member enjoy tax benefits through contributing to a registered scheme.
We have registered 2 Umbrella Funds i.e. the Equity Umbrella Retirement Fund (Pension Section) and the Equity Umbrella Retirement Fund (Provident Section). Both Umbrella Funds have been approved to receive and manage NSSF Tier II contributions.
Both Funds have the provision for allowing members to save towards their post-retirement medical expenses through embedded Post-Retirement Medical Funds (PRMF).
Employers participating in the Umbrella Fund can opt to bundle Insurance and other solutions to their retirement package in order to provide enhanced benefits to their employees upon exit or demise.
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