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