Documents to be provided by the company or partnership firm for obtaining Key man insurance
IndianMoney.com Research Team | Posted On Saturday, April 04,2009, 06:10 PM
-
Application form and key man questionnaire form duly filled;
-
Medical certificate regarding health;
-
Board resolution from the authorized official of the company/employer identifying a person as key man and the employer would pay the premiums;
-
Audited director’s report or profit and loss balance sheet with schedules for the last three years;
-
Evidence of shareholding pattern of the company on company letterhead;
-
Consent by the authorized signatory of the company for approval on key man insurance policy;
-
Copies of the memorandum and articles of association;
-
Copies of partnership deed;
-
Certificate of incorporation;
-
Certificate for commencement of business.
-
Partnerships are also eligible for key man insurance and partners can be insured individually or jointly.
-
Revised Key-Man Questionnaire annexed is to be attached
a. Your Name
b. Your Designation
c. Name of Organization
d. Location
e. Phone
f. How many key employees do you want to cover?
-
Key man Questionnaire is to be completed in the persons hand format and the same is to be signed by the authorized person under the seal of the Company
-
Copies of I.T. returns of the Co. for proceeding 3 yrs
-
The use of seal of the company
Get free Personalized Money tips!
- Get weekly tips on how to Save, Spend, Borrow, Invest Money wisely.
- Be the first one to know the new things happening in the world of Finance.
- Our free articles and tips will help you become a Financial Wizard.
