HDFC Group Unit Linked - Leave Encashment Plan

Summary Info

Insurance Company HDFC Standard Life Insurance Company Ltd
Plan Name HDFC Group Unit Linked - Leave Encashment Plan
Plan Nature ULIP
Plan Category Leave Encashment Plan
UIN No. 101L017V01
About Plan 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 Leave Encashment Scheme is an innovative plan, which offers employers a flexible and cost effective way to fund this Leave Encashment liability.

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