Group Credit Premium Guaranteed Benefits:  

• Covers loan balances in the event of Death or Total Permanent Disability of an insured member on a reducing balance basis
• Automatic coverage for the ages between 18 years and 75 years.
• Guaranteed premium payable in advance. New loans are automatically covered during the insurance period without any additional premiums
• The following optional supplementary benefits are available under this policy; Deposits Insurance, Critical Illness, Funeral Expense Benefit

Group Credit Open Benefits:

• Covers loan/mortgage balances in the event of Death or Total Permanent Disability of an insured member.
• Automatic coverage for the ages between 18 years and 65 years.
• New / additional loans advanced to the policyholder’s borrowers to be declared and insured subject to payment of additional premium. The effective date of coverage is the date the Company receives instructions and premium.
• The following optional supplementary benefits are available under this policy; Critical Illness, Retrenchment and Funeral Expense Benefit