Keyman Insurance proposal requirements:

1. Copy of Memorandum & Articles of Association
2. Copies of Audited Balance. Sheet and P&L A/Cs for previous 3 years
3. Certified true copy of board resolution passed in the Meeting of Board of Directors containing following information:
a) Sum assured desired
b) Name & sig. of the person who is authorised to complete proposal papers
c) The use of seal of the company
4. Key man Questionnaire is to be completed in the persons hand format and the same is to be signed by the authorised person under the seal of the Company
5. Copies of I.T.returns of the Co. for proceeding 3 yrs
6. Consent for the endorsement to be placed on the policy
7. Revised Key Man Questionnaire annexed is to be attached.

Source - licindia.in