Keyman Insurance News

Money

Keyman insurance plan is meant only for select senior employees, while group term plan is a uniform benefit

You should buy keyman insurance only for select employees while a group term life insurance plan is generally offered as a uniform benefit to all employees

2 min read21 May 2018
Money

Sum assured of riders and extent of cover tends to be less than in standalone policies

A single policy with various riders is convenient but offers low coverage. Standalone policies offer more comprehensive coverage

3 min read8 Apr 2018
Money

Your friends cannot be the beneficial nominees of a life insurance policy

Under the recent rules on nomination, a friend will not be a beneficial nominee. A beneficiary has to be a family member or a specified relative

4 min read12 Feb 2018
Money

Keyman policy death benefit is treated as income and taxed

The investor, typically, takes the sum assured equal to the money invested

2 min read31 Dec 2015
Money

Keyman insurance protects firm from loss if key person dies

Keyperson is a term insurance policy where sum assured is linked to the profitability of a company

2 min read30 Apr 2013
Opinion

Ask Mint Money | Keyman and term: structure same, aim and tax treatment different

Ask Mint Money | Keyman and term: structure same, aim and tax treatment different

2 min read5 Jun 2012
Opinion

Ask Mint Money | Loss-making firms get keyman insurance in exceptional cases

Ask Mint Money | Loss-making firms get keyman insurance in exceptional cases

2 min read26 Jul 2011
Opinion

Ask Mint Money | Keyman insurance beneficial, but comes with certain clauses

Ask Mint Money | Keyman insurance beneficial, but comes with certain clauses

1 min read28 Jun 2011

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