The insurance company agrees to pay to the beneficiaries an amount of compensation as defined at the time of subscription. The monthly or annual premium payment depends age, health and the level of cover.

The term life policy offers two options for payment of compensation:
1) Compensation is paid to the beneficiaries on the death of the life assured.
2) Compensation is paid to the beneficiaries on a set date irrespective of the death of the life assured.

The Key Man policy covers the following risks :
Death – whatever the cause
Permanent Total Disability – due to accident or illness.

The sum insured can remain constant or decrease during the life of the contract. The policyholder shall designate a beneficiary and can revoke or modify such designation at any time in writing to the insurance company or by will.