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Credit Life Insurance

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BENEFITS      

This cover is for loans/credit taken by an insured from financial institutions. In case of death/illness/disability, the insurance company pays the Bank the outstanding loan balances, hence the family does not need to sell property acquired in order to pay the loan.

APPLICATION REQUIREMENTS

We require the following documents for new applicants.

  • full names of the borrower, loan amount, date of birth and name of the bank providing the loan in case of an individual.
  • In case of a bank, we require total loans offered and loan balances on each account at the time of cover. Maximum and minimum loan amounts, age limits and rate of default.
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Octagon Africa Financial Services is an award winning leading regional financial services company with significant industry consolidation within the non-profit, public and private sector in 4 strategic divisions namely Pensions Management, Insurance Brokerage, Training and Actuarial Services.

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Credit Life

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