Key features
• You can enhance your product offering by
combining insurance with your credit or
loan products
• You can protect your assets against uncertainty.
We help you do this by paying the outstanding
loan amount in the unfortunate event of the
member’s demise
• You have the flexibility to choose the coverage
and the mode of payment you want to offer
your members
For your member/borrower
• Your members can fulfill their dreams while
securing the financial future of their family by
combining their credit and insurance requirement.
All loans such as home loan, car loan, education
loan, personal loan etc. may be covered under
the plan.
• In the unfortunate event of the member’s demise,
the member’s family will not be burdened with the
outstanding loan repayment. We will pay a lump
sum amount (as per schedule) immediately to
you and any excess amount over the outstanding
loan amount to the nominee through you.
• Your members have the flexibility to choose
between a level term cover and a reducing term
cover.
• They can avail of high non medical cover limits - no
medical hassles.
• They can choose the mode of payment and
premium frequency.
• The plan also covers two borrowers (joint
borrowers) under one loan.
• Under section 80C, your members can enjoy tax
benefits on the premium they invest.
