Credit Life insurance provides cover for the loans granted to Mortgagors/borrowers of a lending institution.  It repays the outstanding balance of a loan in the event that the debtor dies or becomes permanently disabled before the loan is fully repaid.  In the event of death/disability, the lending institution will be paid the outstanding amount that is owed by the deceased customer.  

 

Credit Life cover can be bundled to Personal Loans, Mortgage Loans, Asset Finance schemes, Overdraft facilities, Credit Cards and other loan products Lending Institutions provide to borrowers.

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