Mozambique : Insurance - CREDIT LIFE - GLOBAL ALLIANCE

The Global Alliance Credit Life Policy is available to companies, individuals or lending institutions that require the outstanding amount of the loan to be recovered in the event of the death or permanent disability of the Insured. The Credit Life Policy includes an optional Temporary Disability Benefit which covers up to 5 months of loan payments during the period of Temporary Disablement. In addition, it includes an Emergency Cash Benefit payable to the Insured´s beneficiary to assist with any immediate needs on the death of the insured. Global Alliance will also refund a portion of the premium should the loan be settled early