Keyman insurance is an insurance policy taken out by a business to compensate for potential financial losses resulting from the death or incapacity of important individuals, such as directors, partners, key salespeople, or project managers whose skills and knowledge are critical to the profitability of the business. The insurance pays out to the company as taxable income to offset losses if a keyman were to die or become incapacitated, with common policies being term products where the sum assured equals the expected profit impact on the company.

2. WHO IS A KEYMAN……

3. THE PERSON WHO IS IMPORTANT FOR
THE PROFITABILITY OF BUSINESS
 DIRECTOR OF A BUSINESS
 PARTNER OF A BUSINESS
 KEY SALES PERSON
 KEY PROJECT MANAGER
 PERSONS WITH SPECIFIC KNOWLEDGE AND
SKILLS FOR BUSINESS

4. WHAT YOU MEAN BY KEYMAN
INSURANCE……

5.  INSURANCE TAKEN OUT BY A BUSINESS
TO COMPENSATE THE FINANCIAL
LOSSES THAT WOULD ARISE OUT OF
DEATH OR INCAPACITY OF AN
IMPORTANT MEMBER OF BUSINESS.

6. OTHER DETAILS
PRODUCT : TERM
S.A. : EQUALS TO PROFIT OF CO.,
D.B. : PAYABLE TO COMPANY
AS TAXABLE INCOME
PREMIUM : PAID BY CO., AS EXPENSE.

7. THANK YOU