संस्थागत
लक्ष्य संस्था
Banks / MFIs / Cooperatives / Finance Companies
योजना प्रकार
Non-profit participating (institutional credit cover)
स्वीकृति मिति
2081/09/16 (B.S.)
Premium
रु. 0 रु./वर्ष
NPR/yr
Coverage
रु. 0 रु.
NPR
Description
Credit Protection Plan is a non-profit participating life insurance plan designed to protect borrowers and lenders from outstanding loan obligations. This product is offered to banks, MFIs, cooperatives, finance companies or other institutions in conjunction with consumer credit. If the borrower cannot repay because of certain specified events, Sun Nepal Life pays the lending institution the outstanding loan.
Features
- Protects borrower and lender against outstanding loan obligations
- Designed for banks, MFIs, cooperatives and finance companies
- Pays lending institution if borrower cannot repay due to specified events
- Non-profit participating institutional/group cover
- Offered as institutional (group) credit insurance
Highlights
- Protects outstanding loan — reduces default risk
- Institutional / group insurance solution
Life Insurance Details