Keyman Protection Policy

Keyman Protection Policy

Description

Keyman by definition is the key person in a company for e.g a sole proprietor/ Managing Director. When a key person takes a loan from a Bank or financial institution, Donewell Life shall provide a life insurance cover for that person. What it does is that it pays off the outstanding loan of the keyman if the person passes on or is permanently disabled as a result of an accident before the loan is fully repaid.

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