+254 20 278 2000info@geminia.co.ke

Geminia Insurance PlazaKilimanjaro Avenue, Upperhill

MPESA Paybill No553 200 (Life Insurance)
553 201 (General Insurance)

Credit Life Policy

Credit Life Policy

This policy is designed for financial institutions to effectively pay off debts (unsecured, credit card, motor vehicle) in the event of the borrower's untimely disability or death.

The employer may decided to fix equal amounts payable too all employees on death or base it as a multiple of the employer's annual salary.

Benefits:

  • Borrower's property is safeguarded
  • This policy can be extended to cover the retrenchment of the borrower for a specified period as they find another job
  • The premium payable reduces with the loan repayment

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