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Keyman Insurance

Keyman Insurance

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What is a 'keyman (KM)' The term indicates a person who is an employee in a business organization at such an important post (an executive, a director, an expert, a technocrat etc) whose death would result in a financial loss to the organization. What is 'keyman insurance' Insurance policies for such employees of a business organization whose premature death would cause a financial loss to the organization. The insurance
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Urvara Agro

Connaught Place, New Delhi
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What is a 'keyman (KM)'? The term indicates a person who is an employee in a business organization at such an important post (an executive, a director, an expert, a technocrat etc) whose death would result in a financial loss to the organization. What is 'keyman insurance'? Insurance policies for such employees of a business organization whose premature death would cause a financial loss to the organization. The insurance taken on the lives of such person to protect the business from financial loss is called 'keyman insurance'. The premium on such policies has to be paid by the employer. Eligibility for keyman insurance The 'keyman insurance (KMI) is allowed to the employee if he satisfies the following condition; The 'keyman' should hold less then 51% shares of company. The total no. of shares of the company held by the keyman and his family should be less then 85% The keyman should be literate. Factors to be considered for insurance cover on key-man's life. Key-man's qualification. Experience in different fieldas. Previous record and service period in the organization. Is he the only key-man in the specific field or otherwise?
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Keyman Insurance

About the Company

Year of Establishment2011
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Number of Employees11 to 25 People
Annual TurnoverRs. 50 Lakh - 1 Crore
IndiaMART Member SinceApr 2012
SecureNow is an insurance broking firm based in New Delhi, India. The penetration of insurance in India is very low. we take an independent position that puts buyers first and offer them the best insurance in terms of coverage and price. we market only pure risk insurance to customers. SecureNow will sell insurance to under-served small companies. These companies need high quality insurance advice but have largely been ignored.
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Amit Sinha

Hans Plaza, Connaught Place
Connaught Place
New Delhi - 110002, India

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