A partnership firm is known to protect the interest of each partner. In an unforeseen circumstance like untimely and unfortunate death of a partner, the future of the business may be in jeopardy if the company has to look out for the partner’s family/bear the cost of their liabilities. A life insurance policy can protect the company’s financial assets and take care of any costs that would otherwise have to be borne by the surviving partners.
Insurance policy offered by Aditya Birla Sun Life Insurance under Partnership Scheme, ensures that the continuity of the business is maintained even in the eventuality of losing a partner. Partnership Scheme is ideal for all the partners of the firm. The most important benefit offered under this scheme is that on the death of the insured partner, the firm will have liquidity available to purchase the deceased partner's share
Features & Benefits:
- Ensures that working capital requirements are not
- compromised to buy out the share of the deceased partner
- Risk mitigation & business continuity
- Reduces the risk of partners having to bring
- Additional funds to purchase the share of the deceased partner
- 1Tax benefits under section 371 of the Income Tax Act, 1961 - 1Tax benefit is subject to changes in the tax laws, please consult your tax advisor for more details.
“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”
For more details on risk factors, terms and condition please read the sales brochure carefully before concluding the sale.
Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre,Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Website:www.adityabirlasunlifeinsurance.com and toll-free no. 1800-270-7000. IRDAI Reg No.109
CIN: U99999MH2000PLC128110 ADV/11/19-20/1127
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