Credit Care ensures that loans are taken care of if a micro borrower loses life or becomes disabled.
It covers the Life of Insured Borrower. Credit Care pays to Financial Institution the Loan amount if Insured Borrower dies (or suffers from Permanent Total Disability) before the payment of Loan amount.
- Eligible Age (of borrower): 18 to 59 Years
- Insurance term: as per term of loan
- Premium mode: Annually
First policy issue date: 03/07/2010