Group Credit Life
Assurance Cover
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Lend with confidence with SanlamAllianz’s Group Credit Life Assurance Cover.
This policy secures loan portfolio of financial institutions such as Banks, Micro Finance institutions, Hire purchase lenders & SACCOs) to mitigate the risk of non-payment of loan balances. The offering goes beyond securing the loan portfolio of financial institutions to providing value added benefits to the borrower. The scope of cover includes accidental death, natural death, disability (both temporary and permanent), critical illness and retrenchment cover.
What information is required for you to get an indicative quotation?
The cost of cover depends on the institution’s portfolio and loss experience among other factors. Information required to quote:
- Maximum Loan amount
- Minimum Loan amount
- Maximum Loan term
- Average monthly loan disbursement
- Lending rate
- Loss Experience (if you already have credit life insurance)
Get started today! Get a quote!