ABSLI’s Group Asset Assure Plan is designed to protect the families of borrowers from the burden of loan repayments in the event of the borrower’s death or total and permanent disability. This plan ensures that your customers’ families will not have to bear the financial stress of outstanding loans, thereby also protecting your interests as a lender against loan defaults.
Key Features:
- Comprehensive Coverage: Applicable for all types of loans and wealth creation products.
- Flexible Premium Payment Options: Choose between single or joint cover with various payment options.
- Joint Life Cover: Provides coverage when the loan is in the name of both members.
- Cover Options:
- Level Sum Assured
- Variable Sum Assured
Plan Options:
- Asset Assure Classic
- Asset Assure Premier
Benefits:
- Coverage for Total and Permanent Disability: In the event of total and permanent disability, the sum assured as per the certificate of insurance will be paid.
- Moratorium Period Coverage: The cover is applicable during the moratorium period.
- Policy Continuation: Option to continue the policy if the master policyholder has surrendered it.
Eligibility:
- Ensure all eligibility criteria are met as specified in the plan documentation.
Additional Resources:
For more details, please download the brochure or visit our website.