Question

paid life insurance for the employees​

Answer 1

Employer provided life insurance is an arrangement where, the employer buys the life insurance plan and pays the premium for the benefit of the employee. ... Furthermore, the life insurance proceeds to the employee are tax free u/s 10(10D).

Answer 2

Answer:

Typically with an employee life insurance policy, the owner of the life insurance policy is the employer and the life insurance policy covers the employee. In many cases, the cost of group life insurance coverage can be less than what the employee would pay for the same amount of individual life insurance.