Let your business pay for it.
Any of these plans can be sponsored by your business. The business pays the premium and saves tax on it. The policy is in your name, so you and your family are the ones covered.
- Who paysYour business
- Who is coveredYou and your family
- What it savesBusiness tax
Business tax, turned into your family’s cover
- 01
Choose the plan
Child Education, Retirement, Generation to Generation, ULIP or Sudarshan Chakra. The plan is the same one you would buy yourself.
- 02
Your business pays the premium
If you draw a salary from the business, it can pay the premium on a policy in your name, as an employer paying for an employee.
- 03
The business saves tax, you are covered
The business claims the tax benefit available to it under prevailing law. You and your family hold the cover and the benefits.
Tax benefits are as per prevailing tax laws and may change. Whether and how much a business can claim depends on its structure. Speak to your tax advisor.
Any of them
- Sudarshan ChakraOne plan that brings them all together.Read the plan
- Child Education PlanThe plan that keeps paying when you can’t.Read the plan
- Retirement PlanPay in for a while. Draw a lakh a year, for life.Read the plan
- Generation to Generation Term PlanA baton, not a policy.Read the plan
- Unit Linked Insurance PlanYour money in the market. Your family covered.Read the plan
Before you call
- Is this business insurance?
- No. It is life insurance for you, paid for by your business. The plan is the same one you would buy yourself; only the payer changes.
- Who holds the policy?
- You do. The policy is in your name, and you and your family receive the cover and the benefits.
- How much tax does the business save?
- That depends on how the business is structured and on the tax law at the time. We will walk you through it one to one, and you should confirm it with your tax advisor.
- Do I need to draw a salary from the business?
- The arrangement works as an employer paying for an employee, so it suits owners and directors who draw a salary. We will check whether it fits your case before anything else.
See how it works for your business
The message is already written. Pratik will explain how the arrangement would work for you, one to one.
Insurance is the subject matter of solicitation. Market-linked values are projections, not guarantees. Investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future.