Don’t let debt affect a staff member’s family after they pass away.
WHAT IS GROUP CREDIT LIFE/ MORTGAGE PROTECTION?
Group Credit Life/Mortgage Protection is designed to pay off a member’s outstanding loan debt in the event that they pass away, become disabled or suffer an illness. In addition if retrenchment option is selected the cover will pay for a six month monthly loan repayment. We typically offer this product through banks, microfinance institutions and other finance institutions.
This cover can be renewed every year (annually renewable) or provided at the onset of the loan agreement for the entire term of the loan (single premium option).
BENEFITS OF GROUP CREDIT LIFE COVER