Group Credit Life

A Credit Life Insurance, is an add-on product commonly offered to customers taking out a loan. It protects both parties, the borrower and the lender, in the event that the loan cannot be repaid.

This includes traditional products covering repayments of balances on loans made by banks to their clients against the latter’s death, as well as those covering loans affected by temporary or permanent disability (either partial or total), critical illness, hospitalisation and even unemployment.