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Group Superannuation scheme

Group Credit Term plan provides a life cover to the group of borrowres of credit institutions (banks,retail finance providers Etc.) with the life assured being the borrower and the credit institution being the beneficiary (only to the extent of the outstanding loan; the rest of the amount is paid to the nominee of the life assured). It is a solution for financial institutions who want to lighten loan repayment burden of borrower's family- in case of death or illness.

Sailent Features:-
  • Eliminates risk of loan default in the event of death
  • Financial relief to the family
  • Facilitate competitive pricing for lender
  • Cost-effective plan
  • Hassle free process to join - simple to administer
  • Choice of covers

*May vary from insurer to insurer.

The details furnished above do not constitute the entire terms and conditions. For more details on the policy, please visit our office nearest to you. Our executives will be pleased to furnish further details.

Disclaimer: - Insurance is the subject matter of solicitation. The product brochure gives only the salient features of the plan. This document is not a contract of insurance and must be read in conjunction with the Benefit Illustration and Policy Document. The policy defines the terms and conditions within which the intent of the policy will be executed.