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Group Credit Life

Group Credit Life is a specialized group life insurance plan that protects the creditors against the untimely demise of debtors, reducing the risk of having unpaid loans.  

Benefits of Creditor Group Life: 

  • Guarantees loans will be repaid 
  • Convenient and prompt settlement of loan in case of debtor’s untimely death 
  • Avoid repossessing property that has much less value to cover for the loan balance
  • Ensures that the family will not be burdened by the debtor’s unpaid loan