Keyman Insurance, Key Person Insurance in India

Keyman Insurance
₹ 999/ Year
Keyman Insurance Services by us offer specialized life insurance policies for key employees whose loss could significantly impact the business. The firm helps identify the right coverage by comparing plans from multiple insurers, ensuring tax-efficient, cost-effective solutions. Services include personalized consultation, easy documentation, and claim assistance helping businesses secure their future against the loss of critical talent.
Mizaan Financial Solutions Imf Pvt. Ltd.
★★★★★3.5(6)
Noida, Gautam Buddha Nagar
GSTTrustSEAL2 yrs
Call Now
78% Response Rate
+917943435184WhatsApp
TATA AIA Keyman Insurance Plan
₹ 50,000/ Year
Features Keyman insurance is a type of life insurance policy that ensures financial protection for business entities in the event of the unexpected demise of a key person. It contributes to the continuation of successful business operations and helps overcome financial inconsistencies during stressful scenarios. Life insurance plans and their different types cater to and address the unique needs of individuals and business entities. Of these, keyman Insurance is a policy that offers financial coverage to a business organisation for the loss of any of its key people. This is an important policy for organisations to manage the setback of losing a critical person. Today, we will talk about Keyman Insurance Meaning and the features and benefits offered by such policies. If you are wondering what keyman insurance covers or what is the purpose of keyman insurance, then you need to first understand the concept of a keyman . Every business organisation has a range of people with defined roles and responsibilities. Some people play a critical role in the business organisation's functioning, performance, or profitability. The absence of such a person may lead to a decrease in revenue, profits, and project delays. Directors, key project managers, key salespeople, and other people with valuable specialised skills are some examples of keymen. Keyman insurance is a type of life insurance policy that covers the business organisation for losses arising from the death of its key people. The employer pays the premium, and if the insured person dies during the policy term, the employer receives the death benefit. When a business organisation feels that the absence of certain key members or people can greatly affect its performance, then it buys a keyman business insurance policy where: The policy is proposed by the business organisation. Premium payments are made by the business organisation. The life of 'key' people is insured for a fixed amount. The business organisation is the beneficiary of the policy. Features Of Keyman Insurance PolicyAs per IRDAI guidelines, only pure term insurance plans could be purchased as keyman insurance. The policy's maturity date is usually equal to the person's retirement date or the expiry date of the contract between the person and the business organisation. Add-on covers and loans against the policy are not permitted. The business organisation can be the only nominee. Keyman insurance is important specifically for businesses that depend on a few individuals. The insurance helps to absorb the strain caused by the death of a key person and helps to continue the business in a sustainable manner. The lower cost and the host of benefits make keyman insurance an important aspect of a business.Sum assuredIn case of the insured person's death, the business organisation receives the sum assured, which helps it deal with the loss and continue the business without any issues. The sum assured could also be used for recruiting and training the person for replacement. Financial help to the familyThe sum assured received by the business organisation could also be used to help the family of the deceased person. The insured person's untimely demise can lead to financial stress on the family, so the business organisation could use the sum assured to provide compensation to the family.Tax* benefitsAccording to Circular No. 762 issued by CBDT, the premium paid by the business organisation for the keyman insurance policy is considered a business expenditure. Therefore, the taxable profits of the business organisation are reduced, which in turn reduces its tax* liability.
Bada Mart
★★★★★5(2)
Hyderabad
GST5 yrs
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+917949287887WhatsApp
Keyman Insurance Service
₹ 5,000/ Person
Key Features: Financial Protection for the Company: The primary goal of Keyman Insurance is to provide a financial safety net for the business in the event of the untimely demise or disability of a key employee. The payout received by the company can be used to cover various costs such as: Loss of revenue or profits directly attributable to the key person. Expenses related to finding, hiring, and training a suitable replacement. Repaying outstanding business loans that the key person might have guaranteed. Maintaining the confidence of investors and stakeholders. Tax Benefits for the Employer: In many jurisdictions, including India, the premiums paid by the company for a Keyman Insurance policy are considered a business expense and are tax-deductible under Section 37(1) of the Income Tax Act. However, the death benefit received by the company is generally taxable as business income. It's important to note that the key employee does not receive any direct tax benefits on this policy, as the employer is the owner and beneficiary. Covers Crucial Roles: A "keyman" is typically an employee who holds a significant position, possesses unique skills, knowledge, or experience, and contributes substantially to the company's profitability and success. This could include directors, CEOs, key sales personnel, project managers, or anyone whose absence would significantly impact the business operations. The policy helps ensure business continuity during a difficult transition period.
Jain Pareek And Company
★★★★★3.7(3)
Jaipur
GST12 Months
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+917949374579WhatsApp
Keyman Insurance Services
₹ 99/ Year
Keyman Insurance, also known as Key Person Insurance, is a life insurance policy taken out by a business on the life of a key employee or founder whose loss could significantly disrupt the operations or financial health of the company. The policy is designed to protect businesses from the financial impact of losing an essential person. Mitigates Financial Loss: The payout received from a keyman policy can be used to mitigate financial losses caused by the key person s absence, such as lost revenue, recruitment costs for a replacement, and other operational expenses. Operational Costs: The payout can be used to cover various costs, including employee wages, debt repayment, and business restructuring while the company adjusts to the loss of the key person.
HD Consultant Insurance & Loan Services
★★★★★5(5)
Gurugram
GST1 yr
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90% Response Rate
+918044949364WhatsApp
KEYMAN INSURANCE SERVICE
Keyman insurance, also known as key person insurance, is a life insurance policy taken out by a business on the life of a crucial employee, such as a founder, CEO, or top executive.�If this key person dies or becomes disabled, the policy provides a payout to the business to help it cope with the financial consequences of that loss.�This can help the business continue operations, cover recruitment and training costs, and settle loans.�
P.T.Impex Pvt. Ltd.
★★★★★4.9(18)
New Delhi
GST14 yrs
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+918046041356Get Best Price
Keyman Insurance
keyman insurance
Tata AIA
Bengaluru
6 yrs
Call Now
8047684751,8956WhatsApp
Keyman Insurance
₹ 50,000/ Year
Service Location: Coimbatore , Pollachi , The Niligiris
keyman insurance
Masani Business Associates
Coimbatore
4 yrs
Call Now
7942838524,4185WhatsApp
Keyman Insurance Services
Type Of Insurances: Office Insurance
Location: All India
It is Keyman Insurance Services. We are dealing in other insurance and loan services also. For other services details, visit our website or contact us.
Satya Management Consultancy Services
★★★★★3.6(9)
New Delhi
GST8 yrs
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+918048952276WhatsApp
Keyman Insurance
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?
Urvara Agro
New Delhi
14 yrs
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8047667080,2462WhatsApp
Keyman Insurance
Insurance Policy Duration: 1 Year minimum
Term Insurance: Protects company from its Keyman's unforeseen demise.
Life Insurance solutions to protect your company and investment in its Keymman's absence.
Niranjana Assurance Services
★★★★★2.7(3)
Bengaluru
7 yrs
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8048209702,5560WhatsApp
Keyman Insurance Services
keyman insurance services
S M Financial Services
Badlapur, Thane
7 yrs
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8047655994,4291WhatsApp
Keyman Insurance
Keyman Insurance
Risk Protection Solutions
Chennai
13 yrs
Call Now
8048202132,7098WhatsApp
Business & Key Men Insurance
₹ 1,00,000/ Year
For every business has its asset like that it has insurance to cover risk in mishappening .Like that all business are run by its Owner, Director,Partner,key sales person on whom the profitability of business depends.In case any thing goes wrong with such important persons,it is going to impact profitability. In other case ,kery leaves employment which also impact negatively on business.So there is risk ,which has to be covered , hence we suggest to have every small or big Business to have key man insurance to safeguard the business.
Abhishek Business Consultants
★★★★★4(4)
Pune
11 yrs
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8047309427,4972WhatsApp
Key Person Insurance
₹ 999/ Onwards
Sunil K. Khanna Co. is firm of chartered accountants practicing in India for over many years and pioneer in Corporate Advisory, Taxation and Accounting. We are one of the oldest firms in India and a pioneer in taxation and corporate law serving Corporates, Non Resident Indians and Foreign Nationals. Our area of services inter alia includes advisory services to various listed, unlisted Companies, Secretarial Audit, Corporate Restructuring, Legal and Secretarial support services, Insolvency Professional Services, IPR advisory, Due Diligence, advising on Insolvency and Bankruptcy Code, 2016, various Corporate, Legal and Regulatory issues including approvals from the regulatory authorities, Appearance Services before National Company Law Tribunal, Regional Director and other quasi judicial authorities, Trade Mark/ Patent Authorities, etc.
Sunil K. Khanna And Co.
★★★★★4.2(36)
New Delhi
GST18 yrs
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8044941913,3085WhatsApp
Key Man Insurance Policy Services
In today s world of professional management success of a company solely depends on the Individual Talents of certain Managers, whose Vision, Skill, Integrity and Managerial capability is essential for the future progress and prosperity of the company.Exit of these key persons due to premature death would in most cases result in immediate financial loss to the company and question arises, how does a company replace talent like that?The company on the lives of such Key Persons purchases Keyman Insurance and in event of premature death of Key Person Company gets the insurance proceeds. Keyman Insurance Proceeds will cover: The loss of sales attracted by his/her ability and personality.The loss due to his/her day to day specialized skills.The cost of Recruiting and Training a suitable replacement.The cost of delay or cancellation of any project upon which he/she is working.The loss of opportunities for future expansion.The loss of stable Management and good labor Relations.The Reduction of Credit Standing of the company due to: The loss of sales attracted by his/her ability and personality.The loss due to his/her day to day specialized skills.The cost of Recruiting and Training a suitable replacement.The cost of delay or cancellation of any project upon which he/she is working. Typical examples of Keyman Managing Director/CEOFinancial DirectorSales DirectorProject ManagerInventorE-commerce manager etc Eligibility of companies: Keyman insurance is open to all categories of business firms except:Managing Director/CEOFinancial DirectorSales DirectorProject ManagerInventorE-commerce manager etc
LIC Agent Bengaluru
Bengaluru
9 yrs
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8044464838,5412WhatsApp
Men Insurance
Insurance Policy Duration: As per req.
Start Date / Month: As per req.
Men Insurance
L I C Post Office
Jaipur
9 yrs
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8044014067,5154Get Best Price
Key Personal Insurance
Personal Insurance
Monoj Kumar Bahri & Associates
Ludhiana
10 yrs
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8047826626,8347Get Best Price
Keyman Insurance
Keyman insurance is taken by a business firm on the life of key employee(s) to protect the firm against financial losses, which may occur due to the premature demise of the Keyman.
Glamsum - Your Favorite Salon Partner
Ghaziabad
11 yrs
Call Now
8043847687,2606Get Best Price
Men Insurance
Insurance Policy Duration: As per req.
Start Date / Month: As per req.
Men Insurance
G K Health Insurance
Erode
8 yrs
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8044566431,4009Get Best Price
Sting UBS Key Logger For Pc
₹ 9,999/ YEAR
This is the most common hardware computer STING gadget that. When a user types something from the keyboard such as documents, email, password, etc, that can be stored in an internal memory storage device within the key logger. There are 3 main types of hardware keylogger available.
Sting Operation
New Delhi
12 yrs
Call Now
8048606597,3442WhatsApp
Keyman Insurance
We are offering general insurance services on health, vehicle, marine, goods, shop, house-hold policy, office protection, factory machinery, engineering / construction, product liability, public liability and others. These services are offered by our expert team so that our clients get best deal. We provide all services very professionally.
Kallol Ghosh
Kolkata
14 yrs
Call Now
8048616939,1996WhatsApp
Keyman Insurance Service
Service Mode: Offline
Payment Mode: Online and Offline
OMEGA FINANCIAL aims to be the most useful, reliable and efficient provider of Financial Services. We win to emerge as the preferred, comprehensive financial services provider with a nationwide network, assisting individuals, financial institutions, and companies to achieve their financial goals through a mix of Financial Services, Broking, Advisory and Portfolio Management Services.
Omega Financial
Bhilai, Durg
GST16 yrs
Call Now
8044464610,5954WhatsApp
Personal Insurance
Personal Insurance
Bertrand L Rodrigues
Bengaluru
12 yrs
Call Now
8044566503,1937WhatsApp
Keyman Insurance
Keyman insurance is taken by a business firm on the life of key employee(s) to protect the firm against financial losses, which may occur due to the premature demise of the Keyman.
Life Insurance Corporation Of India
Bhopal
GST11 yrs
Call Now
8046071007,8522Get Best Price
Mens Insurance
Insurance Policy Duration: As per req.
Start Date / Month: As per req.
Mens Insurance
Mr S Annaand Kumarr
Begumpet, Hyderabad
10 yrs
Call Now
8044566502,9411Get Best Price
Keyman Insurance Service
This insurance covers disruption in business due to loss or impairment of Key employees or key persons. Business can be put in serious jeopardy by the death of a key employee, a partner or key shareholder. It is possible to insure against death or illness of key persons in the organization whose continued presence is essential for continuance of the operations. Generally, in case of a partner or a shareholder, the proceeds can be used to buy back shares in the name of that individual. In case any individual in your establishment is identified as a Key Person central to continued progress of operations, we shall be in a position to provide cover.
Tarjani Insurance Broking Private Limited
Mangalore, Dakshina Kannada
GST15 yrs
Call Now
8041012867,4182Get Best Price
Key Man Insurance
Key man insurance is taken by a business firm on the life of key employee(s) to protect the firm against financial losses, which may occur due to the premature demise of the Key man.
Gola Insursnce Services
Faridabad
12 yrs
Call Now
8044566527,6243Get Best Price
Keyman Insurance
Keyman Insurance
Insurance & Financial Advisor
New Delhi
12 yrs
Call Now
8044566730,6124Get Best Price

Best Keyman Insurance Sellers on IndiaMART

Keyman Insurance
₹ 999/Year
Mizaan Financial Solutions Imf Pvt. Ltd.
TATA AIA Keyman Insurance Plan
₹ 50,000/Year
Bada Mart
Keyman Insurance Service
₹ 5,000/Person
Jain Pareek And Company
Keyman Insurance Services
₹ 99/Year
HD Consultant Insurance & Loan Services
Business Insurance Service
₹ 25,000/Year
Investoq Capital

Contact Details of Top Rated and Fast-Responding Keyman Insurance Sellers on IndiaMART

Mizaan Financial Solutions Imf Pvt. Ltd. - Contact Number - +917943435184

HD Consultant Insurance & Loan Services - Contact Number - +918044949364