Overview
CreditNet is designed for banks, companies and institutions that offer credit cards, auto loans, consumer durable loans and/or personal loans to their customers and helps protect your interest through:
- Reducing financial losses that may occur due to untimely death or permanent total disability of your customer.
- Providing financial protection to customers so that their dependants do not suffer from financial pressures on account of outstanding loans, in the event of death or permanent disability.
- Specifications
-
- Entry age :18 to 60 years (extendable to 65 years in certain cases)
- Policy Term: 1 year; renewable every year
- Premium payment term: Equal to the policy term
- Premium Payment Frequency: Annually, half yearly, quarterly or monthly
- Annual Premium: Depends on the size of your member group, the age distribution of your members, their occupations and outstanding balances in their loan accounts etc
- Riders Available: Permanent Total Disability (PTD)
- What will the member get?
-
Death Benefit:
- Outstanding loan amount will be paid to the institution in the event of death of the member
- Payment of outstanding loan amount to the institution in the case of permanent total disability of the member and the contract terminates immediately
- What will the institution get?
-
The loan given to a member by the master policyholder is secure incase of the death of the member
Send me an Adviser
,
Download Brochure
Have a Problem?
If you've had a problem with our service, we'd like to hear about it.
Make a complaint