Max Life Group Credit Life Secure Plan
As a lending institution, your loan can transform someone’s life and turn his/her dream into reality. But, there are tough times too when lender’s family might be left just with a legacy of liabilities. Eventually, not only the family but the overall finances of your company also suffer. Though you take all the necessary measures to keep such defaults to the minimum through recovery mechanism, you need to insure your lent assets against non-payment by the borrower, on his/her death.
Choose Max Life Group Credit Life Secure Plan, a plan that provides cover against loan in the event of borrower's death during the period of coverage.
3 reasons why you must opt for this 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