This is an Individual life insurance providing Death & Disability cover to the salary related loan from the Commercial banks, Finance companies and Other financial institutions.

In the event of unfortunate death or disablement, the Insurance company indemnifies the lender by repaying the outstanding loan and interest in the account of the borrower and thereby protecting the family of the deceased or disabled from the financial hardship of repaying the outstanding debt.

The Cover:

• Death any cause
• Permanent Total Disability (Accident and Sickness)
• Permanent Partial Disablity (Sickness only)

Types of Premium payment options available:

• Single premium - Original loan amount is covered for the entire period of loan in return for a single premium.
• Annual premium  - Outstanding loan and interest is covered for the entire period of loan in return for an Annual premium.
• Monthly premium   - Outstanding loan and interest is covered in return for a monthly premium.

DISCLAIMER

The above is a brief information of the covers available under the Policy. Please request for a copy of the Insurer's Terms and conditions of the policy which shall be binding and considered as final basis for settlement of any dispute