Keyman Insurance

Protect the people behind your business growth.

Why you will love this

Strengthen cash flow and keep your business running during difficult periods

Continue to upkeep business loan and financial obligations

Supports succession and ownership planning

Provides greater confidence as your business grows

The strength of a business often comes from the people who lead it, build trusted relationships and create opportunities. Key Man Insurance helps protect the financial value they bring, so your business can continue moving from strength to strength.

How this plan supports business continuity

Keep your business running

Insurance proceeds can help fund recruitment costs, retain key employees and support ongoing operations while a replacement is found.

Upkeep business loan and financial obligations

Help offset the impact of lost revenue and profits while supporting loan repayments, supplier commitments and operating expenses.

Support succession planning

Provide liquidity to facilitate shareholder buyouts and ownership transitions, helping reduce disruption to the business.

Protect what you have built

Give your business financial support during an unexpected loss, so management can focus on moving the business forward.

Suitable for businesses that rely on
Founders and business owners
Founders and business owners

Directors
Directors

Senior management
Senior management

Key revenue generators
Key revenue generators

Technical specialists
Technical specialists

Critical operational employees
Critical operational employees

Frequently Asked Questions
What is Keyman Insurance?

Keyman Insurance helps businesses manage the financial impact arising from the loss of an important individual whose absence could affect operations, revenue or profitability.

Who should consider Keyman Insurance?

Businesses that depend heavily on one or more individuals for leadership, expertise, customer relationships or revenue generation.

Who owns the policy?

The company is typically both the policy owner and beneficiary.

Is Keyman Insurance only for large businesses?

No. Small and medium-sized businesses may be even more dependent on a small number of key individuals.

PROTECT WHAT MATTERS MOST
Business Insurance for SMEs

Protect your people, assets and business with insurance solutions designed for SMEs.

Find out more

BizProtect Plus

Safeguard your business from unexpected disruptions and keep your operations running smoothly.

Find out more

General Insurance

Explore a range of insurance solutions to protect your business against operational risks.

Find out more

Important Notes
  • Disclaimers

    These business insurance plans comprise of various general or life insurance coverage underwritten by Great Eastern General Insurance Limited or The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and is not a deposit in or obligation of, or guarantee by OCBC Bank.

    This advertisement has not been reviewed by the Monetary Authority of Singapore.

    This is for general information only and does not take into account your particular investment and protection aims, financial situation or needs. You should seek advice from a financial adviser before committing to a purchase. Otherwise, you should consider the suitability of the investment. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. Specific terms and conditions are applicable to insurance policies and these details are set out in the policy contract. The general insurance policies are subject to the Premium Payment Warranty which requires premium to be paid and received by Great Eastern General Insurance Ltd within 60 days of the inception date of the coverage under the general insurance policies.
 A person interested in the general insurance policies should read and understand all the policy documents relating to the general insurance policies (including the Proposal Form for BizProtect Plus Plan provided by Great Eastern General Insurance Ltd) before deciding whether to apply for the general insurance policies.

    Investments are subject to investment risks, including the possible loss of the principal amount invested.

    No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statements, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such, OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

  • Policy Owners’ Protection Scheme

    This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the General Insurance Association (GIA) or the Life Insurance Association (LIA) or SDIC websites.

Underwritten by

Great Eastern

Great Eastern

Great Eastern

Great Eastern