This provides cover to an individual life. In case of death, the underwriter will pay the benefits agreed to the named beneficially named in the contract. It may combine life cover with investments depending on the structure of the actual product purchased.
Loan Protection - Doing business through Credit has globally been embraced as a norm. The following are some of the loan protection plans:-
- Car Loan - Ensures that should the borrower die or become totally disabled the loan is secured.
- Personal Loan - Ensures that should the borrower die or become totally disabled the loan is secured.
- Mortgage Loan - Ensures that should the borrower die or become totally disabled the loan is secured.