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Group term life helps tackle employee attrition by ensuring concern for employees’ health and well-being, and in turn, help them draw more new talent to their organization. It also boosts productivity by creating a stress-free work environment Better productivity assures bigger profits for the company. Lastly, it has Tax benefits...

Term insurance plans have lots of tax saving benefits, which make them one of the best life insurance options available in the market.Benefits under Section 80C of the Income Tax Act:Section 80 C of the Income Tax Act, 1961 allows tax exemption up to Rs.1.5 lakhs p.a. on your Term...

It protects against business risk in the event of unfortunate death of the key person. The premium paid will be treated as business expenses and the company would save 30% plus surcharge on every rupee of premium paid for such a policy as per current tax law. Disruption of lines...

As per the revised income tax laws, effective from April 1, 2013, any proceeds of a keyman insurance policy are now fully taxable. The new rules also provide that a keyman insurance policy which has been assigned to any person during its term, with or without consideration, shall continue to...

Critical ailments not only affect the person physically; it also has a major impact on the finances of the family. A critical insurance pays a lump sum amount which can be used to cover medical and household expenses and so it acts as an income replacement. It also has tax...