Group Credit Life provides financial protection for creditors in the event of the death or permanent disability of an employee. This policy ensures that any outstanding loan balances are cleared, preventing financial burdens from falling on the employee’s family. It’s an essential cover for anyone with personal loans or vehicle finance, giving peace of mind that debts won’t linger.
Pays off outstanding loan balances in the event of death or permanent disability
Covers personal loans and vehicle finance loans
Available for terms that match loan durations
Built-in funeral benefit (P15,000 - P25,000) for the main member
It covers the outstanding loan balance in the event of an employee's death or permanent disability, ensuring the loan is repaid.
agreement with the employer.
Any remaining sum assured after paying off the loan is paid to the beneficiaries.
The coverage term coincides with the loan term, ensuring the loan is fully protected.
Yes, Group Credit Life can be bundled with other employee benefits like Group Life Assurance for comprehensive coverage.
