The product is suitable for any financial institution or microfinance institution that is engaged in Asset Financing
The plan will ensure that any person advanced an amount by the institution is automatically given a life cover. The cover is usually on reducing balance paying mainly the outstanding loan balance. Often times the terms range from months to a few years, say three to four
Normally offered to Co-operative Societies or banks and covers any outstanding indebtedness a member or customer may have had at the time of death.