If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after
making applicable deductions of the premiums due.
On cancellation, the fund value is paid back with
applicable deductions of policy administration charges, mortality charges, administration charges and medical costs, if any.
Payroll processing includes filling up of W - 4 forms by all employees, creating a payroll records system,
calculating applicable deductions, determining the suitable payment methods and making deposits.
And, if the insured surrenders his plan before completing 5 years with his plan then the Fund Value after
making applicable deductions of discontinuation charges is credited to the Linked Discontinued Policy Fund.
Be sure you get reimbursed and get
the applicable deductions you are entitled to.
From this total of earnings, subtract
the applicable deductions and payments.
The equalization payment is one - half the difference between the spouse's incomes after
all applicable deductions and exclusions have been made.
If the subscriber is not in sync with the terms and conditions mentioned in the policy document and overall is not satisfied with the policy, then he / she may return the policy within this cooling period upon which the company will refund the first premium paid by the subscriber after making
the applicable deductions.
If the subscriber is not satisfied with the terms and conditions mentioned in the policy, then he / she may return the policy and the policy shall stand cancelled and the first premium paid will be returned by the company after making
the applicable deductions.
• Prepared quarterly and annual state and federal tax returns according to the latest tax code, applying
all applicable deductions and credits to minimize tax liability.
• Review tax returns prepared by staff members to ensure accuracy and determine if
all applicable deductions and credits are applied.
• Prepared quarterly and annual tax returns using
the applicable deductions and credits to reduce the tax liability of the company.