Why get the Credit Life Plan?
- The plan covers death, with the outstanding loan balance payable within 5 days of final documents submission and can be augmented with Funeral expense payable within 48 hours of notification of death.
- The plan covers total and permanent disability with loan amount settled if disability occurs by reason of injury or illness whilst in usual occupation.
- The plan covers retrenchment, and benefit payable is the loan installments insured, paid monthly for the maximum period or until the member secure employment. It is only claimable once.
The premium rate is applicable on the loan balance at inception or renewal date
Extensive age coverage to suit all
Flexibility of cover to the term of the loan, or annual