Life Insurance · advanced
Employer-Employee Insurance
Insurance and benefits that employers arrange for employees — group term life, gratuity and superannuation funding, leave encashment, ESI compared with private group cover, the employer's tax treatment, and how a benefits package is put together.
- 01Employer-Employee Insurance Framework — Structure & IRDAI GuidelinesEmployer-employee insurance is a market label for two different things: group schemes that benefit employees, and keyman insurance that protects the employer. This lesson separates the two and places them in the current regulatory framework.
- 02Group Term Life Insurance — Structure, Benefits & AdministrationGroup term life insurance is one contract issued to an employer covering its employees as members. This lesson covers how it is structured, how the sum assured and the free cover limit work, how it differs from EDLI, and what happens at a claim.
- 03Group Gratuity Plans — Funding, Tax Benefits & IRDAI NormsGratuity is a statutory benefit under the Code on Social Security, 2020. This lesson covers who qualifies, how the amount is calculated, the ₹20 lakh ceiling, how a group gratuity plan funds the liability, and the tax exemption for the employee.
- 04Group Superannuation — Defined Benefit vs Defined ContributionGroup superannuation is a retirement scheme an employer sets up to give employees a pension. This lesson explains defined benefit and defined contribution schemes, who carries the investment risk in each, and the tax rules on employer contributions and commuted pension.
- 05Group Leave Encashment — Policy Structure & Tax TreatmentLeave encashment is payment for unused earned leave. This lesson covers how an employer may fund it through a group scheme, the four-limit tax exemption for the employee at retirement, and the rule that the employer deducts it only when paid.
- 06Employees' State Insurance (ESI) vs Private Group CoverEmployees' State Insurance is a statutory social-security scheme; private group health insurance is a voluntary benefit bought from an insurer. This lesson compares who is covered, who pays, and what each provides.
- 07Tax Treatment for Employers — Deductions and the Actual-Payment RuleHow an employer's spending on employee benefits is treated in computing its business income: which items are ordinary expenses, which need actual payment by a deadline, and why personal deductions such as section 126 are not the employer's.
- 08Employee Benefits Design — Structuring Comprehensive PackagesHow an employee benefits package is put together: the statutory benefits required by law, the voluntary benefits an employer may add, flexible (cafeteria) plans, and where keyman insurance does and does not fit.