Credit Life Insurance

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(Cover applied under a group master policy).

Group credit insurance offers coverage to the lender to its borrowers, usually a bank or finance company, where the payout is the outstanding principal amount in the event of the death/disability of the debtor. Additional benefits can be offered also.

Credit Life Products:

  •   Personal Finance/ Personal Loans
  •   Credit Shield for Credit Card Holders
  •   Mortgage Shield/Home Finance

Key Features:

  •   Annually renewable contract
  •   Coverage is on Outstanding loan balance at the time of assured’s death and/or disability
  •   Life and disability protection
  •   Borrower should be residents in UAE

Policy terms and conditions will apply.