BRIEF DESCRIPTION OF COVER
This cover is designed to fulfill the borrower's loan obligation in the event that the borrower dies or becomes disabled.
- Upon death, the financier will be paid the full amount of the outstanding loan excluding interest and any installments.
- For Total and Permanent Disability (TPD), the full outstanding amount under the credit agreement will be paid
- Funeral expense cover where by upon death of the borrower, a flat amount is paid within 48 hours
INFORMATION REQUIRED FOR ISSURANCE OF COVER/QUOTATION
Death and Funeral Claims
- Certified true copy of the original death certificate
- Copy of ID (Nida, Driving License or Voters ID card.