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   AT A GLANCE

  • Provides life insurance equivalent to the loan given to a borrower

  • For borrowers aged 18 to 65 years old.

  • Loans covered include Salary Loans, Personal Loans, Agricultural Loans and other short-term loans.
 
People have many and varied personal reasons why they might require a loan. Perhaps they need to purchase land, get a head on a business deal, or require some assistance getting a major appliance for their home or business. Whatever their needs, loans help them get a leg up out of the limitations that they face.
 
However, these loans add up and as a financial/loan/lending institution, you may need a back-up plan of your own. At Paramount, we want to support you. That’s why we have the Group Credit Life plan, a group life insurance plan that covers the lives of your borrowers up to their indicated short-term loan amount or outstanding balance. While you tend to your clients, let us tend to you.
 
       BENEFITS
   
  • Life coverage equivalent to the amount of the loan or outstanding balance.*

* Balance not to exceed Php2 million (aggregate).
       ELIGIBILITY
   
  • For clients aged 18 to 65 years old.
  • Must be in good health at the time of application.
      LOANS COVERED
   
  • Salary Loans.
  • Personal Loans.
  • Appliance Loans.
  • Agricultural Loans.
  • Other short-term loans.*

 

*for more information on other short-term loans covered by the policy please contact us.