Your business is mostly dependent on the success of your key employees. A sudden loss of any of these key employees could pose a significant financial impact on your business.

Keyman insurance helps to manage these risks and ensures the company has sufficient funds to keep the business going in the short term before a successor takes charge.

• Keyman insurance is taken by a business for its own benefit. All the premiums are paid by the business & the business is eligible for all the policy proceedings
• A keyman is a person whose talent, contacts, goodwill etc a business is thriving on
• The key persons can be chief executive, key employee, directors, project specialists, operations head  etc
• Any pure term insurance plan can be bought under Key person  insurance
• The premium paid towards Key Person Insurance or Keyman Insurance is treated as a valid business expense

When you and your business partners have put so much into your own business, it's important to think about the company's future and your dependents' security, in the event death of any of the business partners.

Partnership Insurance Policy is taken by a partnership firm on the life of partners with the objective of protecting the deceased partner’s shares in the company.

• Partnership insurance is taken by a business for its own benefit. All the premiums are paid by the business & the business is eligible for all the policy proceedings
• In case of the unfortunate demise of any partner, the death claim amount is paid to the partnership firm
• The firm can use the death claim to buy out the deceased partner’s share in case his/her family is not willing to continue with the business
• Any pure term insurance plan can be bought under partnership insurance
• The premium paid towards Partnership Insurance is treated as a valid business expense

Every businessman needs money to grow his business, secure the future of his family etc. While we save & invest money to fulfil all the desires, we expect our investment to grow too and be available when required.

Investment oriented insurance plans provide the opportunity to create wealth for the future along with a comprehensive life cover.

• Traditional life insurance plans with guaranteed or non-guaranteed returns
• Unit Linked Insurance Plans give the flexibility to make your own investment decisions for long term growth
• Combination of multiple policies to suit your investment objectives for specific life goals 

Aviva offers an attractive opportunity for supplementary income by becoming a Financial Planning Advisor. As a Financial Planning Advisor, you can help people plan & protect their finances better and also create a sustainable source of income stream for yourself.

• Opportunity to add significantly to current income
• Platform for recognition by becoming a member of the elite council of financial professionals like MDRT & Blue Riband(Aviva)
• Professional guidance to enhance your Knowledge, Skills, Attitude & Habits for you to be successful

Industrialist Andrew Carnegie has rightly said:  “Take away all my factories and my equipment. Take away my wealth. But leave me with my key people and in a short time I’ll have it all back again.”

The employer – employee schemes are meant for employee welfare wherein the ultimate beneficiary is employee or his/her family. Such initiatives may help reducing attrition for the business and promote employee satisfaction. This cover can be extended to some select or all employees.

• The plan may work as an acquisition & retention tool for employer
• Benefit for the Employee / Employees’ Family
• Premiums paid treated as a valid business expense

Gratuity payment is a statutory obligation for an employer towards the employees who render services for a continuous period of at least 5 years, upon separation because of resignation, retirement or death. Gratuity is a defined benefit and is one of the many retirement benefits offered by the employer to the employee. Insurance companies can make it convenient for you by helping you create and manage a corpus to meet the Gratuity liability mandated by law.

• As per Payment of Gratuity Act, 1972, gratuity is payable when an employee completes 5 or more years of full time service with the employer
• Gratuity proceeds are tax-free in the hands of employees up to Rs. 10 Lakh
• Gratuity Contribution & payouts are eligible for Tax benefits as per prevailing laws, which are subject to change

EDLI is a statutory benefit to be given by an employer to the employee covered under the Employees Provident Fund. Insurance companies offer Group Insurance in lieu of EDLI to enable employers provide higher amount of cover for the employees.

In case of unfortunate event of employee’s death, the sum assured is paid to the employee’s family.

• The premium towards the coverage are paid by the employer
• All the employees enrolled in the EPF scheme gets registered for EDLI as well
• Premium paid by the employer is treated as business expense