Group Annual Life Insurance

Details

• Anyone between the ages of 18 - 85 can benefit. The insured can show any person he/she wishes as beneficiary and change it if he/she wishes.
• The insurance period is 1 year. The insurance policy can be optionally renewed every year.
• A minimum of 10 employees must be covered.

Services We Provide

Services Offered Before the Opening of Group Annual Life Insurance

• Informing the authorities of the institution about group life insurances
• Designing Group Life Insurance
• Determining the personnel to be included in the policy
• Proposal work
• Determining the premium payment terms
• Preparation of Group Life Policy,

Services Offered After the Group Annual Life Insurance is opened

• Customer relations team ready to help with the principle of “Excellent Customer Satisfaction”,
• Collection reconciliation,
• Preparing and transmitting the latest status lists,
• Performing the transactions requested for the policy,
• Transmission of transaction information via e-mail and post.

Tax Advantage

Tax Advantage in Group Annual Life Insurance

With the tax advantages provided by the state, you can reduce the costs of the premiums you pay on behalf of your employees. Regarding the life insurance premiums paid on behalf of the employees, tax deductions can be made provided that 5% of the salary earned in the month the premium is paid and the total premium paid throughout the year does not exceed the annual amount of the minimum gross wage. In case of contribution to private pension plans in addition to the life insurance premium paid by the employer and/or employees;

• 10% of the employee's monthly gross salary for individual retirement,
• 5% of the employee's monthly gross salary for life insurance

Tax deductions can be made up to 10% of the monthly gross wage of the employee, provided that the total premium paid throughout the year does not exceed the annual amount of the minimum gross wage.