Payroll Funds | Group Life Setup
Overview
Employer-owned insurance policies should be setup as a Payroll Fund. The Group Life policy needs to be configured before the components for the Group Life policy can be created. Once the components have been added, it can be linked on the employees' Recurring Payroll Component screen.
Edition
This feature is available on all Deel Local Payroll powered by payspace editions
Navigation
Navigate > Config > Payroll > Administer Payroll Funds > Group Life Setup
Details
An extract of the Group Life Setup screen
Payroll Components
Once the Group Life policy has been setup, you will then need to create the Group Life Employee Deduction and the Group Life Employer Contribution components. The Group Life policy can then be linked to the employee on the Recurring Payroll Components screen on employee level.
Navigate > Config > Payroll > Payroll Config > Payroll Components
Extract of the Payroll Component Catalogue
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