Business Insurance offers protection for founders, proprietors and directors of any Startups or registered companies in India.
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Life Protection for Founders, CEO ,Directors
A Term insurance policy secures your business to run smoothly even when some uncertainities happens in your life. I have been consulting with several corporates, founders and MSME business owners across India to create awareness in them about securing their life adequately based on their annual income.
A Term life protection also helps someone who is solely responsible to run the business as someone in their family has to manage during their absense without hurdels.
Example:
1.Family owned business should secure life of all who are involved in day to day operations of the business.
2.Partners can secure each other’s life.
Section 37(1) of the Income Tax Act of 1961.
Group Term Insurance for Employees
Tax Benefits to Employer
An organisation may apply for a tax exemption on the premiums paid towards the Employer-Employee insurance plan under Section 37(1) of the Income Tax Act of 1961.
The employer can declare the premiums paid as a business expense, deducting them from the company’s profits. This would reduce the organization’s tax liability.
Call or WhatsApp Venkat: (91) 9384716268