Group Credit Life

Group Credit Life is a cost-effective solution designed specifically for lending institutions offering finance or credit.

It provides payment of an outstanding loan amount upon the death of an insured borrower during the term of the policy.

The sum assured for this contract reduces each year with repayments of the loan amount.

Scope of Coverage for Group Credit Life

Tailor coverage to 3, 4, or 5 years of your employees' annual salaries. Benefits are paid as a lump sum, providing immediate financial support

Enjoy substantial coverage without the need for medical exams, thanks to our free cover limit

Enjoy flexible and renewable coverage with our Life Assurance Policy

Our plans offer extensive protection:

Coverage for death from any cause (natural, accidental, occupational)

Additional benefits for Permanent Disability and Critical Illness

Alleviates financial strain on dependents, offering peace of mind through employer assistance

Executed scheme proposal form
Copy of certificate of incorporation/registration
Copy of KRA PIN
Membership data including full names, dates of birth, ID/passport numbers, and individual salaries