1
Death Benefit
100% of the sum assured paid on death of the key person within the policy term.
Solutions > Keyman
Protect Your Business Against the Loss of a Key Person
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
100% Death Benefit
Full sum assured on key person's death
Loan Security Option
Usable as security on a business loan
What is the Keyman Plan?
The Keyman 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 Keyman?
Toggle between the categories below to understand the comprehensive scope of our cover details.
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.
Eligibility & Documentation
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.
Real Stories from Customers Who Trust Our Coverage
Learn why professionals trust our solutions to complete better customer journeys.
“Support became faster, clearer, and more consistent across every customer touchpoint. It changed how we interact with our clients.”
Nia Afolayan
Customer Expert
Chioma Nwosu
Customer Success
“The onboarding was smooth from day one, and our team saw measurable results quickly. It gave us a much faster customer journey.”
Jordan Mensah
Growth Manager
Daniel Okoro
Founder
“It helped us create a better customer journey without adding complexity for the team, keeping all departments aligned.”
Robert Hayes
Regional Partner
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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“The easiest way to manage my cover.”
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APA, Insuring Happiness
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?
+
Health Insurance
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Motor Insurance
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Life Insurance
“The easiest way to manage my cover.”
— Sarah K., Nairobi
