Keyman

98% of business attribute a large amount of profit to at least 1 key person.

What will happen to your business if you lose the "Key person" to your company's success to sudden death or critical illness? Our Keyman policy greatly minimizes the effects of losing your key staff in whom you might have invested a lot of training.

General Conditions

Freedom from Restrictions:

This policy is free from restrictions as to foreign residence, travel or occupation.

 

Grace Period:

A grace period of thirty days will be granted for payment of every premium after the first, during which period the assurance hereunder shall continue in-force. If death occurs within the period of grace the overdue premium will be deducted from the proceeds otherwise payable.

 

Mis-statement of Age:

The age of the Life Assured must be proved before a claim is paid. A policy will not be invalidated if the age of the Life Assured has been mis-stated but the Company will not pay any greater amount than the sum assured which would have been secured by the premiums actually paid if the date of birth has been correctly stated. Where appropriate, the Company will refund any premium paid in excess of those applicable to the correct date of birth without interest.

 

Voidability of Policy:

Notwithstanding any of the provisions of this policy willful misrepresentations in answer to any of the questions by the assured made in the applications for this policy or in any subsequent application for reinstatement shall be deemed material misrepresentations, and the Company reserves the right to render this policy null and void and such right of invalidation shall survive the occurrence of death.

 

Exclusions:

The Sum Assured is not payable in the event of death of Life Assured arising:

1. From engaging in aviation other than as a fare-paying passenger on a regular recognized air route
2. Directly or indirectly from any war (whether war be declared or not) or warlike operations including mutiny, civil war, riot or insurrection.
3. From the execution of a judicial sentence of death
4. From suicide within two years of date of commencement of the policy.
5. HIV AIDS and its derivatives

Claims Provisions:

All claims must be reported to the Company as soon as it occurs to preserve the reliability of information. Relevant documents should be forwarded thereafter. Any claims not received by the company within six (6) months after occurrence of the insured event shall be deemed to be time barred and may not be processed.