Credit Life Cover
Designed for entities such as credit co-operatives, micro-lenders and banks. This is cover for the all types of loans; personal loans, home loans, credit card and vehicle loans.
Benefits
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- Claim notification period is 6 Months
- Cover in the event that the life assured dies as a result of sickness, accident or any other cause not excluded by the policy while the agreement is in force,
- The benefit payable will be an amount equivalent to the balance of the outstanding principal amount.
- Charged as a value of outstanding loan book.
- Premium is charged monthly in advance for active term of loan – no upfront charges.
- Orchard quotes competitive prices.
- Premium guarantee period is 12 months.
- Payment of Credit Life premiums monthly, improve our clients cash flow.
- Monthly premium payments improve clients cash flow