Many employers provide their employees with the option of encashing their leave to their credit at the time of retirement or resignation. Accounting Standard 15 requires that an actuarial valuation of a company leave encashment liability be carried out and reflected in the books of accounts. The HDFC Group Unit Linked Plan is an innovative plan, which offers employers a flexible and cost effective way to fund this Leave Encashment liability. The plan helps an organisation by:
Creating a fund that can be built up to meet your future leave encashment liability
Providing the opportunity to maximise investment returns and thus provide the benefit in a cost-effective manner
One factor that helps maximise investment returns is low charges. Our fund management charges are the lowest in the industry today and therefore can improve your long-term returns.
