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Pays out the outstanding capital on your short or long-term debt, such as on your car or home, to your loan provider in the event of your death.
It is a decreasing sum assured benefit. The benefit amount decreases in direct relation to the repayment you make on your loan.
Our product includes occupation-based Permanent Disability cover, Income Replacement Disability cover for 6 months as well as Critical Condition cover.
The Credit Life Insurance Group policy is valid for the whole term of the loan contract or until disablement, death or a critical condition claim is made and paid out.
The Credit Life Insurance Group Policy covers you immediately.
Credit Insurance will pay the loan provider your long or short-term loan installments for a maximum of 6 months if you can’t work for a period of time because of an injury or illness.
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