Credit Life Insurance
Coverage That Cares For Your Business Well-being.
Protect your business's key personnel against the company's borrowing exposures throughout the policy tenure with a single premium term life insurance policy.
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To minimise business disruptions and ensure continuity of operations, the coverage amount can be utilised to repay the outstanding loans in the event of the Death or Total Permanent Disability of key personnel.
Available Options
- Level Term Coverage - Provides a fixed insured amount for the entire insured tenure. This plan can be used to insure against any form of business loans (Overdraft, Term Loans etc)
- Reducing Term Coverage - The insured amount reduces according to the tenure, making this an ideal policy for insuring against term loans.
Benefits
- Affordable single-premium term coverage
- Premium financing options available
- Cash Surrender Value Refund for Early Settlement of Loans
- Optional Refund of Premium (ROP) rider
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