This is a loan protection policy for  individuals who take loans from Microfinance institutions

UGX
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This is a loan protection policy for homogeneous groups of individuals who take loans from financial institutions, banks or any money lending institution for moderate amounts and short periods. The product aims at providing cover which is sufficient to meet the balance of the outstanding loan on Death, Total Permanent Disability, critical illness and optionally extends to cover total temporary disability catastrophic loss, funeral expenses and loss of employment.

 

Benefit

  • Outstanding loan balance plus interest in event of death, total permanent Disability.
  • Predetermined amount in an event of last expenses for borrower and family members.