Outstanding debt upon the death of the borrower
Pays off the remaining loan balance when a qualifying death occurs under the scheme.
Product
Group Credit Life
Credit protection
Total and permanent disability cover
Also responds when the borrower becomes totally and permanently disabled under the product terms.
Terms and conditions
- Members are required to declare medical conditions at the loan application stage.
- Military-related exclusions are included in the scope of cover.
- The policy term should coincide with the term of the loan.
- Applies to Dikwata Insurance Agency scheme loans
Unused loan portion return
Where a loan is settled early, the product includes a return mechanism for the unused insured loan portion.
Not sure which cover is right for you?
Talk to an agent about protecting your SACCOS or bank loan with Group Credit Life cover.