Credit Protection Plan
Term
About this plan
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.
What's included
Key highlights
- ऋण सुरक्षा र डिफल्ट जोखिम न्यूनिकरण
- संस्थागत / ग्रुप बीमा समाधान
Features
- ऋणकर्ता र ऋणदाताको बाँकी ऋण दायित्वको सुरक्षा
- बैंक, एमएफआइ, सहकारी र वित्त कम्पनीहरुका लागि प्रस्ताव
- विशेष घटनाहरूमा संस्थालाई बाँकी ऋण भुक्तानी
- गैर-नाफामुखी सहभागी योजना (institutional/group cover)
- संस्थागत (ग्रुप) आधारमा इन्स्योरेन्स
Benefits payout
- Death benefit
- Outstanding loan balance payable to the lending institution
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
No optional riders are attached to this plan.
Loan & liquidity
- Policy loan
- Not available
Other plans from सन नेपाल लाइफ इन्स्योरेन्स
Premium
Quote on request