About Group Credit Life Assurance
In the event of death, permanent disability, critical condition or unexpected retrenchment of an employee, Credit Life Assurance will ease the burden of paying loans. The outstanding balance of a debt amount is paid to the credit provider and is determined by the agreement that was entered into with the creditor.
What we cover
- Death benefit
- Permanent disability benefit
- Temporary disability benefit
- Unemployed or inability to earn an income benefit
- Critical illness benefit
- Waiver of premium
What is different about our cover?
All benefits are priced at group rates, which makes it a cost-effective, accessible and affordable business solution for you, while also providing assurance for your employees.