LIFE INSURANCE
Keyman Assurance
Safeguard the Key Players in Your Business.
Don’t leave your company’s success to chance. Protect your most valuable asset, your people.
KnowYouCan
Every successful business has people whose skills, expertise, and leadership are vital to its growth. AXA Keyman Assurance protects your company against the financial impact of losing such key individuals due to death, disability, or critical illness helping your business stay strong and resilient.
Benefits
- Business Protection – provides a financial cushion if a key employee is lost, critically ill, or permanently disabled
- Continuity & Stability – helps your business remain steady during unexpected transitions
- Support for Replacement – covers costs of recruitment, training, or temporary gaps caused by the absence of a key person
Features
- Entry Age: 18 – 65 years
- Policy Term: Flexible to suit your business needs
- Payment Options: Single, Monthly, Quarterly, Half-yearly, or Yearly
- Sum Assured: Based on the key person’s average contribution to the business
- Optional Riders: Critical Illness cover and Permanent Disability cover
FAQs
A key person can be an executive, director or founder, whose skills, knowledge, or leadership is critical to the success and continuity of the business.
The policy provides a sum assured that is paid out only if the insured key person dies within the chosen period with the company listed as the beneficiary. This is intended to help the organization manage the financial impact of the loss and ensure business continuity.
The primary goal of the policy is to protect the business from financial losses that might occur due to the sudden absence of a critical team member, thereby supporting continued operations and growth.
The benefit of a keyman policy is paid to the company whose business continuity may be jeopardized because of the death of the keyman or the occurrence of any of the other risks covered.
The sum assured is typically chosen by the organization and is usually depended on the key person’s contribution to the organization.
Premiums for Keyman policy are based on factors such as the sum assured, the chosen tenure and the insured’s age.
The policy cannot be renewed or extended. However, the policy duration varies from 1 to 30 years, and policyholder can choose anytime between this range as their policy duration. At such, the policyholder will not have to worry about extending duration.
Claims Process
1. Download and fill out a claim form.
2. Submit the claim form along with the complete documentary requirements online to ccare@axamansard.com or to the nearest AXA Mansard Office.
3. AXA Mansard will confirm the approval of your request through e-mail or a call.
4. Claim will be settled and received via your preferred channel as indicated in the e-mail or call.
