Group Micro Credit Life Insurance

The Alliance Group Credit Life Insurance covers loans advanced to borrowers.

TYPES OF BENEFITS OF ALLIANCE LIFE GROUP MICRO LIFE ASSURANCE

• Death Benefit
  • In case of Death of a borrower, Alliance Life shall pay the outstanding loan amount plus due interest.
• Funeral Benefit (Principal Member)
  • A lump sum payment to help the family with burial arrangement expenses
• Funeral Benefit (Spouse)
  • A lump sum payment to help the family with burial arrangement expenses
• Total Permanent Disability (TPD) Benefit
  • In case of Total Permanent Disability (TPD) of the borrower, Alliance Life shall pay the outstanding loan amount plus due interest after receiving all the claim documents.