Life is full of uncertainties, especially where credit is involved. Therefore, as a lending institution, it is important to ensure that you are covered for any finance or credit that you may advance to your clients in case of unforeseen circumstances.
Our Credit Life policy is an annual renewal cover that offers you an inexpensive form of insurance that covers your borrowers.
Features & Benefits
The policy provides for two standard benefits:
- Life cover
The Life cover is the most basic benefit and compulsory on all schemes. Benefit typically pays outstanding balance of loan at date of death.
- Permanent disability cover
The Permanent disability cover is an optional rider benefit. The benefit typically pays the outstanding balance of loan at the date of disability