Life Insurance product that provides protection to the credit life of the Insured for the risk of dying of any cause.
If the Insured dies within the loan period, then the Policyholder will be paid the remaining amount of the loan, and then the insurance coverage ends.
If the Insured performs the loan repayment before the maturity date of the loan (before the term of the loan expires), the Insured will be paid the Cash Value (if any), and then the insurance coverage ends.
20 years - 64 years (nearest birthday), where the insured's age plus the loan period does not exceed 65 years.
1 year - 20 years
Bancassurance distribution channels