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Product Profile:
Product Profile:
Loan Repayment Guaranty
This product provides coverage in the event of death, permanent disability (PD), critical illness (CI), or loss of employment, based on our agreed terms. If any of these risks materialize, NSIA Insurance will settle the outstanding loan balance (excluding interest) on behalf of the assured.
Benefits
● This product provides coverage in the event of death, permanent disability (PD), critical illness (CI), or loss of employment, based on our agreed terms. If any of these risks materialize, NSIA Insurance will settle the outstanding loan balance (excluding interest) on behalf of the assured.● Exclusions● 1: This policy does not apply to bodily injury whether fatal or non-fatal or blindness directly or indirectly caused by arising or resulting from or traceable to:● A) War, invasion, act of foreign enemy hostilities (whether war be declared or not) civil war, rebellion, riot, civil commotion, revolution, insurrection or military or usurped power; or● B) The assured playing football for or against professional clubs polo or motorcycling (whether as driver or passenger) or mountaineering (with the use of ropes or guides) skiing skijoring tobogganing bob-sleighing hunting or participating in speed or duration tests or races of any kind (other than athletics); or● C) Air travel (other than as a fare-paying passenger by a regular schedule Air-line Service● D) The assured involving in any form of military exercises● 2: This policy does not apply to bodily injury whether fatal or non-fatal or blindness directly or indirectly caused by arising or resulting from or traceable to the below except if the loanee has been a member of the cooperative for at least two consecutive years:● A) An accident happening when the assured is under the influence of intoxicating liquor or of a drug (unless administered under the orders of a hospital or a qualified medical practitioner) or is in a state of insanity. ; or● B) The assured being affected (temporarily or otherwise) by alcohol drug or insanity; or c) Childbearing or other physic al causes peculiar to the female sex;● 3: This policy does not apply to bodily injury whether fatal or non-fatal; or blindness directly or indirectly caused by arising or resulting from or traceable to Suicide or attempted suicide except if the loanee has been a member of the cooperative and this insurance scheme for at least two consecutive years
Required Customer Info for Purchase
● Customer / Organization Name● Gender (for individuals)● DOB (for individuals)● Contact address● Phone● Email
Required Additional Info for Purchase
● Director name (for organizations)● Director DOB (for organizations)● Loan amount● Loan tenure● Disbursement date● Loan start date● Loan end date
Required Customer Info for Claim
● Coming soon...
Required Additional Info for Claim
● Coming soon...
Cover Period
This product's cover period include:
● Cover period does not apply to this product. This cover is valid till the end of the loan duration