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What cover options can you add?
Accidental death
Death due to road traffic accident
Total permanent disability
Total permanent disability due to accident
Total permanent disability due to road traffic accident
Absolute permanent disability
Absolute permanent disability due to accident
Absolute permanent disability due to road traffic accident
Severe disablement
Serious illnesses
It's a win-win situation
The company
Because the premium is fully tax-deductible for corporation tax purposes<br><br>
Employees
Because it safeguards and protects their family's future by providing financial stability<br><br>
Our Group Life Insurance options for businesses
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Annual Renewable Term Group Life Insurance, taken out by the company for all or some of its employees to comply with the obligations set out in the sector collective agreement or company agreement with its staff
Life Protect
Life Protect Small Enterprise Agreement
Life Protect Medium-sized Enterprise Agreement
Life Protect Large Company Agreement
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And if you’d like to protect your employees on a voluntary basis
Life Protect SME
Life Protect Large Company and Group
General guidelines regarding the applicable tax system.
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Corporate taxation
The premium paid by the company is fully deductible for corporation tax purposes and must be allocated to each of the insured (employees).
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Employee taxation
The premium allocated to the employee will be treated as earned income.
Death benefits will be subject to inheritance and gift tax.
Benefits for covers where the insured and the beneficiary are different people will be subject to inheritance and gift tax.
Benefits where the insured and the beneficiary are the same person will be subject to personal income tax:- As investment income.
- As earned income if the insurance policy implements a pension obligation.
