Joint life policy | JLP | In Partnership Account | by CA/CMA Santosh Kumar
Автор: Santosh Kumar - COC Education
Загружено: 2021-02-19
Просмотров: 13888
Joint life policy | JLP | In Partnership Account | by CA/CMA Santosh Kumar
A Joint Life Policy (JLP) is an insurance policy which is taken out by the partnership firm on the joint lives of all the partners. The amount of policy is payable by the Insurance Company either on the death or on maturity of policy, whichever is earlier. The firm pays annual premium to the insurer against the policy.
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