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Credit Life
Credit Life
Credit Life Assurance provides cover for loans granted to Borrowers/Mortgages 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.
Entry age
18 years to 65 years
Maximum age at maturity
69 years (Age next birthday)
Policy Term
Minimum Term: 6 months and must be Single Premium.
Other plans
Mortgage Plan
This is a decreasing term assurance policy intended to ensure repayment of the mortgage loan in event of death of the Life Assured before full repayment of the mortgage loan on his house.
