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Overview
Group life insurance is a type of insurance designed to provide financial protection against unexpected situations, aimed at maintaining the living standards of employees and their families, typically offered by employers or organizations.
Features
- All employees aged between 18 and 65 are eligible for coverage under the policy.
- Coverage requires a minimum of 10 employees.
- The insurance term is one year. Insurance policy has the option to be renewed annually upon request.
Advantages
- Employers benefit from favorable tax treatment on premiums under this insurance. Personal insurance premiums for salaried employees can be deducted up to 15% of the gross monthly salary paid. For detailed information, please visit the website of the Revenue Administration Presidency of the Ministry of Finance at www.gib.gov.tr.
