Hindi, asked by MehakGupta2702, 3 months ago

what is boli . marking firstanswer brainliest

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Answered by sanjiv0510

0

Answer:

Bank-owned life insurance (BOLI) is a form of life insurance purchased by banks where the bank is the beneficiary and also usually the owner of the policy. Such insurance is used as a tax shelter for the financial institutions, which leverage its tax-free savings provisions as funding mechanisms for employee benefits.

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