Credit Life Assurance

Credit Life Assurance

This is a type of life insurance policy designed to pay off a borrower's debt if the borrower dies.

What we offer

Our group credit assurance policy is designed to fulfill the borrower’s loan obligation in the event that the borrower dies or becomes disabled. Mostly, group credit assurance is effected by the financier on the lives of the members to whom credit is being offered. Hence the financier becomes the Assured and the borrowers are the Members of the group credit scheme.

Benefits at a glance

  • 1Financial Security
  • 2Fixed premiums
  • 3Flexible terms

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