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Tax Advantage

Tax Advantage

With tax advantages, Life Insurance becomes more affordable.

Insurance premiums paid by employers to employees are accepted as wages and are included in the payroll. The deduction may be made in determining the wage base for the portion of the monthly gross wage that does not exceed 15% of the annual amount of the gross minimum wage per annum for which the corresponding insurance premiums are paid on behalf of employees (50% of the premiums of the Life Insurance policies from which the savings premium is taken).