Safeguard Your Business Partnership with ABSLI Partnership Scheme
What is a Partnership Scheme?
A partnership firm relies on the collaboration of its partners. However, unexpected events like a partner’s passing can disrupt the business.
ABSLI’s Partnership Scheme life insurance policy offers a solution:
- Protects the company’s financial health.
- Ensures business continuity in case of a partner’s death.
- Provides liquidity to purchase the deceased partner’s share.
Key Features & Benefits:
- Maintains Working Capital: Prevents the need to use working capital to buy out the deceased partner’s share.
- Risk Mitigation & Continuity: Reduces the risk of disruption and ensures business continuity.
- Reduces Additional Funding: Eliminates the need for surviving partners to contribute additional funds for the deceased partner’s share.
- Potential Tax Benefits: Policy may qualify for tax deductions under Section 37(1) of the Income Tax Act, 1961. (Consult your tax advisor for details as tax laws may change.)
Important Notes:
- Tax benefits are subject to change in tax laws.
- Please consult the sales brochure for full details on risk factors, terms, and conditions before purchasing the policy.
Disclaimer:
- The Aditya Birla Capital logo is a trademark owned by Aditya Birla Management Corporation Private Limited and used under license by Aditya Birla Sun Life Insurance Company Limited (ABSLI).
Contact ABSLI:
- Website: www.adityabirlasunlifeinsurance.com [invalid URL removed]
- Toll-Free No.: 1800-270-7000
- Registered Office Address: One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013
- IRDAI Reg No.: 109 CIN: U99999MH2000PLC128110 ADV/11/19-20/1127 1. issuu.com issuu.com
Explore ABSLI’s Insurance Products:
- Term Insurance Plans
- Savings Plans
- Child Insurance Plans
- Unit Linked Insurance Plans
- Retirement Plans
- Health Insurance Plans