1
Death Benefit
100% of the sum assured paid on death of the key person within the policy term.
Solutions > Insure > Business > Protect Your Business > Keyman
Protect Your Business
Against the Loss
of a Key Person
100% Death Benefit
Full sum assured on key person's death
Loan Security Option
Usable as security on a business loan
What is the Key Man Plan?
The Key Man Plan is a pure life cover taken by an organisation on the life of a key person, so that the company is compensated in the event of that person's death. Some people are simply irreplaceable to a business — this plan provides financial compensation on death and can also serve as security on a loan. Premiums are payable for the selected term (5 to 20 years) or until earlier death.
Highlights
- Pure life cover taken by an organisation on the life of a key person.
- 100% of sum assured paid on death within the policy term — terms from 5 to 20 years.
- Survival Option 1 refunds 15% of premiums on survival to end of term.
- Optional riders: TPD, Accidental Death, Critical Illness, Medical Reimbursement and more.
What is Covered and Not Covered Under Key Man Plan?
The Key Man Plan protects your business against the financial impact of losing a key person. Toggle between the categories below to explore your cover.
2
Pure Life Cover
Life cover taken by an organisation on the life of a key person for business compensation.
3
Loan Security
Can provide life cover usable as security on a loan for the organisation.
4
Survival Benefit Option 1
15% of premiums refunded on survival to the end of the selected term.
5
Optional Riders
Total & Permanent Disability, Accidental Death, Waiver of Premium, Medical Reimbursement and Critical Illness.
6
Retrenchment Rider
Optional retrenchment benefit available on additional premium.
Talk to a Life Advisor
Apply through an APA Life agent, broker or any APA office. Find the nearest office to protect your key people.
Eligibility & Requirements for Key Man Plan
Eligibility Criteria
Specifications
Who Qualifies
Key persons aged 18 to 70 years (maximum maturity age 75), insured by their organisation.
Documents
Completed application form, copy of National ID/passport, KRA PIN and premium payment.
Medical Exam
Required if sum assured exceeds KSh 8 million or age at next birthday is 46+.
Rating Basis
Key person's age, payment frequency, level of cover and selected policy term.
How to Buy APA Key Man Plan?
1
Complete the Key Man application form with key person details and desired sum assured.
2
Provide National ID/passport, KRA PIN and undergo medical examination if required.
3
Apply through an APA Life agent/broker or APA office (call 0709 912 777 or email insurance@apalife.co.ke).
4
Receive your policy protecting your business against the loss of a key person.
Everything You Need, All in One Place
Access policy documents, claim forms, renewals, and important resources anytime.
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PDF • 1.8 MB
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PDF • 2.4 MB
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Frequently Asked Questions
A pure life cover taken by an organisation on the life of a key person, paying the company a lump sum on that person's death.
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Manage Your Insurance on the Go
Experience the future of insurance management. Our mobile app provides a seamless digital curator experience for your policies, claims, and peace of mind.
APA, Insuring Happiness
What would you like to protect?
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Your Health, Our Priority
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Drive Safely
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Enjoy every moment
“The easiest way to manage my cover.”
— Sarah K., Nairobi
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