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a Group Credit Life Insurance (CLI)
... that Protect your Loan obligations.

Paying the Loan is not a Burden anymore.

Incident/Benefits Coverage
Natural death -LPP face amount
RIDER (optional) Accidental death -Double the LPP face amount
Dismemberment -Various, per schedule
Total & Permanent disability due to accident -LPP face amount
  • Loan Insurance Coverage for the Member-borrower of a Cooperative or Financial institution.
  • Premium is computed per thousand per month bases.
  • Protection is usually co-terminus with the term of the loan.
  • Maximum term if Thirty-six (36) months.

The effectivity of the Loan Protection shall commence on the date the loan released.

  • Must a member of the Cooperative or Financial Institutions.
  • 18 65 years old. Coverage can be extended up to 69 years old.
  • Not mentally incompetent or physically impaired.
  • Those who are in good health and able to perform the usual duties of their livelihood and not afflicted with the life threatening diseases.
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