A business, while has its share of profits, also presents you with liabilities from time to time. In your absence, these liabilities can prove to be a heavy burden on your loved ones. So, how do you protect your family from bearing substantial business expenses in an unforeseen situation? Insurance policy offered by Aditya Birla Sun Life Insurance under The Married Women's Property scheme aims to insulate your investments against business liabilities so that your family get what rightfully belongs to them under any circumstances.

The Married Women’s Property Scheme comprises of two sections:

• Section 6 of the MWP Act, 1874

• Section 5 of MWP Act, 1874.

Section 6 of the MWP Act, 1874:

A policy of insurance effected by any married man on his own life, and expressed on the face of it to be for the benefit of his wife, or of his wife and children, or any of them, shall ensure and be deemed to be a trust for the beneficiaries based on the interest so expressed, and shall not, so long as any object of the trust remains, be subject to the control of the husband, or to his creditors, or form part of his estate - Extract from MWPA 1874 Bare Act.

Section 5 of MWP Act, 1874:

Any married woman may affect a policy of insurance on her own behalf and independently of her husband; and the same and all benefit, thereof, if expressed on the face of it to be so effected, shall ensure as her separate property, and the contract evidenced by such policy shall be valid” - Extract from MWPA’1874 Bare Act.

Under an MWPA policy/policies you will be able to generate a corpus that is free from creditors, other encumbrances and attachments (even in case of insolvency), provided there was no fraudulent intention in creating this instrument.

All employees are important for running an organisation, but there are key stakeholders who spearhead all functions and guides team for smooth running of business. In the absence of key stakeholders, a business might suffer from financial losses.

Insurance Policy offered by Aditya Birla Sun Life Insurance under Keyman Scheme is purchased by an employer on the life of its key employee/s to protect the business from financial losses occurring due to untimely and unfortunate death or illness or exit of the employee. Only term solutions are offered under Keyman Scheme.

Keyman scheme is an essential part of a sound and comprehensive risk management strategy of a business.

As a part of an organization’s employee welfare scheme, an employer can retain and reward his/her employees while protecting their life, with an insurance policy offered by Aditya Birla Sun Life Insurance under an Employer Employee Scheme. Under this scheme, an employer provides life insurance to their employees - thereby giving them financial security and an opportunity to build a sizeable retirement corpus.