Credit Life
Credit Life
- This is a life insurance that provides for the repayment of outstanding balance of the credit facility if the insured event occurs.
- It covers all types of credits including mortgage, personal loans, overdraft, and credit card facilities for events such as death, permanent and temporary disability as well as dread disease/illness.
- The lending institution is protected against default risk due to death and disability and can provide a one-stop shop for financial services for clients.
