Credit life offering
Credit Life Insurance is designed to pay off the outstanding balance of a loan in the event that the account holder or joint loan holder passes away, becomes disabled or suffers a dread disease. These benefits are offered through banks, micro finance institutions and other finance institutions.
Home Loan Protection seeks to protect the loan holder by providing a lump sum benefit, equal to the outstanding home loan, payable on death, disability or dread disease.
Vehicle Loan Protection seeks to protect the loan holder by providing a lump sum benefit, equal to the outstanding vehicle loan, payable on death, disability or dread disease.
Personal Loan Protection seeks to protect the loan holder by providing a lump sum benefit, equal to the outstanding personal loan, payable on death, disability or dread disease.
Business Loan Protection Plan seeks to protect the loan holder by providing a lump sum benefit, equal to the outstanding business loan, payable on either death or disability.
Credit Card Protection Plan seeks to protect the credit card holder by providing a lump sum benefit, equal to the outstanding credit card loan, payable on death or disability.