In keyman insurance policy the basis for issue of such a policy is

In keyman insurance policy the basis for issue of such a policy is profitability of the business and the role of the keyman in that profitability. Keyman insurance can be defined as an insurance policy where the proposer as well as the premium payer is the employer, the life to be insured is that of the same employer's key employee (Keyman) and the benefit, in case of a claim, goes to the employer.