This is a life insurance policy designed to pay off a borrower's debt (mortgage, unsecured, credit card, motor vehicle) if that borrower dies, is disabled or has a critical illness.
The face value of a credit life insurance policy decreases proportionately with an outstanding loan amount as the loan is paid off over time until both reach zero value.
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- +254 770 890 000/+254 782 890 000
- info@bizsure.co.ke
- Ciata City Mall, Ridgeways, Block A, 2nd Floor
Credit Life Insurance
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Credit Life Insurance
The cover includes the following add on options:
- Retrenchment benefit – covers up to 6 months of your monthly loan repayments
- Joint life benefit – benefit includes spouse
- Funeral benefit – cover for the burial costs