Group Credit Assurance

Group Credit Life insurance helps protect banks from financial hardships related to an untimely death of their borrowers; it’s a solution offered to banks to protect their loan liabilities. This coverage reduces or pays off an outstanding loan balance in the event the insured borrower dies or is disabled. 

Key Benefits

  • Insurance premiums are easy to administer
  • Reduces or pays off an outstanding loan balance if the borrower dies or is disabled
  • Automatic acceptance for insurance cover if the loan is within the agreed limits