With increasing awareness in the HR market and growing competition among employers for competent employees, employee benefit schemes as part of the total compensation package have assumed a highly significant consideration. The need for such schemes is accentuated by cultural and moral factors and also the vagaries of modern day living shrouded in a variety of uncertainties of personal losses and distress. No less important is the manner in which such schemes are articulated with optimized tax effectiveness, both, to the employer and employee and the way these are communicated to the employees at large.

The monetary, tax and relevant legal issues of compensation and retirement benefits involve decisions of immediate and far reaching consequence from the standpoint of industry competitiveness and bottom-line management that no business enterprise can afford to be passive or indifferent in availing consistently high quality professional expertise and experience relevant to the subject.

A well defined Employee Benefit plan analyzes employee exposure in various areas such as retirement, death, disability, medical expenses and other possible risk areas. A complete solution for this requires an integrated approach in benefits planning considering all other aspects of compensation structures as well. Actuarial and insurance management services combined with other expertise provide the following services relating to employee benefit plans:

	Designing of a comprehensive and tax efficient Retirement Benefits plan

	Actuarial Valuation of Retirement Benefit Schemes to work out funding requirements

Drafting of Trust Deeds and Rules and setting up of a Trust Fund

	Approval from Income Tax authorities to maximise the tax advantages

Assets valuation and Investment advice to maximise yield on funds

	Benefits communication booklets for better appreciation and understanding of each benefit

	Designing of Benefit Structure to cover the employee’s financial risk exposure and optimise the return of the employer spending on this key employee benefit

	Cost Containment Strategies for Medical Plans to control costs and abuses

	Claims Administration Services and Systems for self-managed schemes

	Evaluation of Medical Insurance Proposals of different Insurance Companies and negotiations to obtain the best terms

Evaluation of Self insurance as an alternative

Benefits communication booklets

	Designing of Benefit Structure to cover financial risk from death or disability of an employee

	Evaluation of Group Insurance proposals of different Insurance Companies and negotiations to obtain the best terms

Evaluation of self insurance as an alternative

Benefits communication booklets