What are the things that should be considered while availing a partnership insurance?
The common thing among partnership protection insurance and the other insurance policies is that you need to imagine and consider unpleasant things to evaluate whether you need that insurance cover or not. That means you need to consider the deadliest of problems happening to your dear ones, probability of sickness and even death. Imagining all this happening to one’s partner can be heart wrenching and excruciating but that’s how you get to understand the aftermath of it when it actually happens. However, at the end of the day, going though that thought process is only a trait of being a good and professional business owner.
This also makes the employee want to work for that company for longer than usual. The maturity amount of the insurance or benefits after death are completely tax free and belongs only to the employee. Employer-employee allows the employer to buy any kind of insurance under this policy. This policy more often used to insure lives of employees.