Group Credit comes in two forms:
Group Credit Premium Guaranteed is a credit life policy designed for medium to large SACCOS who desire to pay a one-off premium at the beginning of the insurance period irrespective of the changes in the loan portfolio during the insurance period.
Group Credit Open insurance is a life policy designed for Banks and other corporate lenders who desire to place the cost of insurance on the borrower.
Under Group Credit Life Insurance, the lender is the policyholder and pays the premium.
Our Group Credit policy does not cover arrears or default on loan repayment
Group Credit Premium Guaranteed Benefits:
Group Credit Open Benefits:
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