Employees are the beneficiaries or have the contractual right 1 to the insurance payouts from a group insurance policy.

Is personal accident insurance tax deductible. Ad Ages 18 - 59 Accepted. Ad Child Cover Active Lifestyle Cover Healthcare Cover. Ad Quick And Easy Application Process.

It is true that the insured person can enjoy the benefits of tax exemption after buying life insurance or health insurance. Employer pays premium on life or personal accident of employees. The Simplest Way To Buy Accident Injury Insurance Online.

Ad Quick And Easy Application Process. Well help you get the compensation you deserve. Get Accident Hospital Stay Insurance- Giving you financial help when you need it most.

Speak To An Expert Now. You would have difficulty persuading the Revenue that this was an expense of running the business because it is personal. I know where youre coming from however Insurance companies should still pay gross because the tax payer may want to use that money to buy equipment etc.

This is because it provides cover to the business for named individuals. Ad Reliable Insurance Specialist Service Providing A Range Of Cover. We support injuries within the last 3 years.

Ideal For UK Expats. However the tax deduction benefit is applicable to personal accident insurance only under a specific condition. The premiums on whole life or endowment policies or critical illness or accident policies with an investment content - such that premiums contribute to a capital investment - are capital.