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.
- 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