Group Credit Life
AT A GLANCE
- Provides life insurance equivalent to the loan given to a borrower.
- For borrowers aged 18 to 65 years old.
- Loans covered include Salary Loans, Personal Loans, Agricultural Loans and other short-term loans.
People have many and varied personal reasons why they might require a loan. Perhaps they need to purchase land, get a head on a business deal, or require some assistance getting a major appliance for their home or business. Whatever their needs, loans help them get a leg up out of the limitations that they face. However, these loans add up and as a financial/loan/lending institution, you may need a back-up plan of your own.
At Paramount, we want to support you. That’s why we have the Group Credit Life plan, a group life insurance plan that covers the lives of your borrowers up to their indicated short-term loan amount or outstanding balance. While you tend to your clients, let us tend to you.
Benefits
* Balance not to exceed Php2 million (aggregate).
- Life coverage equivalent to the amount of the loan or outstanding balance.*
Eligibility
- For clients aged 18 to 65 years old.
- Must be in good health at the time of application.
Loans Covered
*For more information on other short-term loans covered by the policy, please contact us.
- Salary loans
- Personal loans
- Appliance Loans
- Agricultural Loans
- Other short-term loans*
GET A QUOTE
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