Group Plans
Reliance Nippon Life Group Credit Assure Plus
Synopsis:
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- Cover for most types of loans
- Protect your members’ families from the burden of loan repayment
- Focus on the business and not on the business loan
- Create bundled offerings that can be easily understood
- Ensure easy loan repayment in case of death of the member
Benefits:
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Comprehensive Coverage
- Covers employer-employee and borrowers from lending institutions
- Covers a wide range of loans
Maximum Insurability
- Single Life Cover: Life cover for the principle borrower up to the outstanding loan amount
- Co-borrower Cover: Proportionate life cover for one co-borrower along with the primary borrower of the loan
- Joint-Life Cover: An equal life cover for one co-borrower along with the primary borrower
Flexibility
- Level cover during moratorium period, with inclusive or exclusive of the interest payments
- Opt cover for a limited period which can be lower than the loan tenor
- Opt for a cover amount which can be lower than the outstanding loan liability
- Choose single pay or limited pay based on your need