Assurance Plan

Benefit from an insurance policy for your business in the event of the death of the key manager.


Features & benefits

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This policy provides cover against the loss of profits or financial loss a company may suffer on the death of a key employee/senior executive that is critical to the continued existence of the company and whose death or incapacity would create a serious loss to the company. The policy pays a lump sum on death or critical illness of a Keyman during the term of the plan.


  • The proceeds could be used to buy out the shares from the deceased shareholder/partner.
  • It provides lump sum payment on death or critical illness of a keyman during the term of the plan.
  • It may be used to ensure that there are funds available to the remaining shareholder/partners, to buy the shares/interest from the deceased’s estate
  • May be extended to cover named critical illnesses.
  • You are eligible to take up this plan if you are under the age of 65.
  • It repays the schedule outstanding loan if the assurance is connected to the loan procured by the key person.

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