Life Insurance Products


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Product Information
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:

    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