Simplify Payroll Management with Kula Partners
Kula Partners is embarking on the development of an innovative funeral policy product aimed at transforming the landscape of funeral insurance. Our funeral policy product offers competitive risk rates done through payroll deduction. Our focus is on crafting a product that aligns with Kula Partners’ ethos of client-centred service, efficiency, and comprehensive risk management, setting a new benchmark in the funeral insurance sector.
Payroll deduction is understood to refer to the withholding or withdrawal of an amount by an employer from the employee’s salary/earnings for the payment to a third party or to discharge an obligation to the employer. This happens before the salary or earnings are paid into the employee’s bank account.