Max Life Group Credit Life Secure Plan
As a lending institution, your loan can transform someone’s life and turn their dream into reality. However, there are also tough times when the borrower’s family might be left just with a legacy of liabilities. Eventually, not only the family but also the overall finances of your company suffer. Though you take all the necessary measures to keep such defaults to the minimum through a recovery mechanism, you need to insure your lent assets against non-payment by the borrower in case of their death.
Choose Max Life Group Credit Life Secure Plan (UIN: 104N072V03), a plan that provides coverage against a loan in the event of a borrower's death during the lending period.
3 Reasons to Buy Max Life Group Credit Life Secure Plan
- Saves banks/financial institution from default payments in case of death of the policyholder
- An attractive low-cost value-added plan to cover against loan during uncertainties
- Safeguard borrower’s family from paying-off the rest of the loan liabilities in case of eventualities