Group Insurance
Group Credit Life
Protect your loan book and your borrowers — simultaneously.
Why this cover
Protection that fits your life
Group Credit Life clears outstanding loan balances on death, disability, or retrenchment of a borrower, protecting both the lender's portfolio and the borrower's family from debt burden.
Who this is for
Banks, microfinance lenders, credit unions (SACCOs), and employers offering payroll loans.
Cover details
What this cover includes
01
Outstanding balance settled on death or permanent disability
02
Optional retrenchment cover add-on
03
Cover decreases as the loan is repaid
04
Bulk enrolment with minimal individual underwriting
Benefits
Why our clients choose this cover
Reduces non-performing loan exposure
Fulfils responsible lending obligations
Fast settlement minimises collection burden
Attractive to borrowers as a value-added benefit