Businesses often rely on a few key individuals whose leadership and expertise are essential for success.
These individuals may include founders, promoters or senior executives.
Keyman insurance helps protect the business from financial loss if such individuals pass away unexpectedly.
Under a keyman insurance policy, the company purchases insurance on the life of the key individual.
If the insured person passes away, the insurance payout helps the company manage financial losses or operational disruptions.
Keyman insurance is widely used by growing businesses to ensure leadership continuity and financial stability.
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