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KEYMAN POLICY
How the Policy
works
These assurances are designed to protect the
repayment of a Keyman in the event of the life
assured's death. The company will continue the
monthly keyman repayments to the (in most cases)
bank in the event of the life assured's death
before the expiry of the assurance policy.
The Premiums for
this assurance are always payable during a
shorter period than the term of Policy.
LIFE ASSURANCE DEATH CLAIM PROCEDURE
As soon as the company has been informed of the
death of the insured, the net amount payable
upon proof of death and title are checked as
follows:
The proofs usually
required are:
a. A certified death certificate
b. A declaration of identity
c. A formal letter
d. The original life Assurance document.
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