Comprehensive Group Plan or CGP is your unique employee retirement fund management and life insurance plan in one. It allows you to customize your retirement benefits schedule under the Defined Benefit scheme, and provides the option for your employees to add to their retirement program under the Defined Contribution scheme.
- Compliant to RA 7641 (Retirement Pay Law)
- Proper fund allocation with guaranteed interest plus upside potential
- Protection from financial loss
- Tax-qualification by the Bureau of Internal Revenue (BIR)
Under this plan, the retirement fund may be insured and protected in case employees die ahead of retirement. It ensures fund preservation and will help manage your company’s cash flow.
CGP offers low valuation fee and low administrative charges, and the valuation method used is PAS19-R and IAS-19 compliant.
With Comprehensive Group Plan (CGP), InLife is your company’s plan administrator, your fund manager, and your life insurance provider in one!