Overview
Group Credit Life is designed to settle an insured outstanding loan balance when a covered event occurs, subject to the terms of the policy.
Who this is for
Banks, microfinance lenders, SACCOs, and employers offering payroll loans.
Cover details
- Cover linked to an insured credit agreement
- Group-based policy administration
- Terms structured for the participating lender
- Eligibility and covered events confirmed before inception
Benefits
- Helps protect the insured loan portfolio
- Supports responsible lending
- Reduces financial pressure on affected families
- Local service and claims support
Product availability, eligibility, exclusions, and final policy terms are confirmed during the quotation process.
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