Keyman Assurance Plan
Provides essential financial protection for businesses against the loss of a key executive or critical staff member whose absence could disrupt operations and profitability.
Introduction
The Keyman Assurance Plan helps businesses maintain stability by covering financial risks associated with losing key personnel. It can also insure loans taken by the key person, ensuring obligations are met.
Features
- Lump sum payout to the business upon death or disability of key personnel
- Ensures repayment of business loans or financial obligations linked to the key person
- Flexible sum assured and policy duration
Benefits
- Protects business continuity
- Covers financial obligations and loans
- Flexible coverage options