Key Man Insurance

Key Man Insurance: 

The Risk Key Man is a person who is a major driving force behind a business and who is so valuable in all areas of the business that without him / her present there would be a substantial loss in the company’s earning capacity. A company can have more than one Keyman. The death of a Key Man could a cause a business to suffer many types of Losses. The Solution The goal of Key Man insurance is to indemnify the company for these losses and to enable it to continue as before while the key man was alive and working. The beneficiary in such cases will be the company. The Cover The Premium can be paid annually, half yearly, quarterly, monthly, single payment. The Sum Assured depends upon the Company’s turnover, assets & profitability. Keyman may be required to undergo medicals depending upon the Sum Assured, Age & Term of the Plan

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