Keyman Insurance
Protect your company against the financial loss of losing a key person.
Understanding Keyman Insurance.
Keyman insurance is a term policy taken by a company on the life of a director, founder or critical employee — the company pays the premium and receives the death benefit, offsetting revenue and continuity risk.
Premiums are tax-deductible as business expenses; the payout is taxable as business income — making it a clean P&L hedge against losing a critical individual.
What's actually inside this cover.
- Company pays, company receives
- Tax-deductible premium
- Sized to keyman's revenue contribution
- Term-plan structure
- Death benefit paid to the company
- Optional Critical Illness (CI) / disability riders
Actual cover is subject to insurer wording, sub-limits, deductibles and exclusions. Please read the policy wordings carefully before concluding a sale.
How we place it.
One team — from the first conversation to the first claim.
- 01
Profile and exposure review with a Labdhi expert
- 02
Wording, sub-limit and pricing comparison across leading insurers
- 03
Cover binding with the optimal terms and add-ons
- 04
Renewal review and end-to-end claims support
When it actually pays.
Illustrative scenarios — real outcomes depend on insurer wording.
Founder passes away; company uses payout to stabilise operations and recruit replacement.
Critical sales head passes; payout offsets revenue impact.
Why Labdhi for this?
As a licensed insurance broker, Labdhi compares wordings, sub-limits and pricing across multiple insurers, structures the policy around your real exposures, and supports you end-to-end through documentation, renewals and claims.
Have these ready and we can move the same day.
Life underwriting is the most detailed of the lot. Income proof sets the maximum cover an insurer will offer, and the medical and lifestyle answers set the premium.
- Name
- Father's name
- Mother's name
- Date of birth
- Gender
- Marital status
- Mobile
- Permanent address
- Height and weight
- Education
- Occupation
- Organization type
- Name of organization
- Annual income
- Smoker and alcohol
- Any medical history
- Existing insurance details, if any
- Name
- Date of birth
- Gender
- Relationship with the life assured
- Recent photo
- PAN card copy
- Aadhaar card photo, front and back
- Cancelled cheque photo
- ITR for the last 3 years
- COI for the last 3 years
- Salary slips for 3 months, plus a 6-month bank statement
- Full photo
Send them across on WhatsApp or email and we will come back with options. If something on the list does not apply to you, tell us and we will work around it.
Is your Keyman Insurance cover actually enough?
Most people discover the gap in their protection at the worst possible moment — at claim time. Shield360™ is our 4-minute risk profiler that scores your long-term protection, highlights gaps, and gives you a personalised report you can download.
- Protection Score
A single 0–100 number showing how well-covered you really are.
- Gap Analysis
Identifies under-cover across life, health, income and assets — instantly.
- Downloadable Report
Branded PDF with your scores, gaps and suggested next steps.
More in Group & Employer Life.
Employer-administered term cover for employees on a master policy.
Fund and insure your statutory gratuity liability for employees.
Fund your accumulated leave-encashment liability through an approved scheme.
Retirement income planning through approved superannuation schemes.