Group Credit Life
With this plan, you can reduce the risk of having unpaid loans. Generali shall provide payment, to the amount of the outstanding loans payable to the creditor, should the debtor die before loan has been paid.
Single Premium Group Credit Life
This plan is a single premium insurance that provides coverage equal to the loan amount during the loan term. Should the debtor die during the course of his/her loan term, proceeds will be used to pay off the aforementioned’ s outstanding debt. Moreover, any excess from the proceeds will be paid to the debtor’s designated beneficiaries.