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loan insurance
To better understand what loan insurance is.
Insurance product
Loan insurance is an insurance product that covers the repayment of a loan in the event of the death, disability or loss of employment of the borrower.
Protection of co-borrowers
It helps protect co-borrowers and lenders by guaranteeing that the loan will be repaid even if the borrower is unable to repay.
Subscription
Loan insurance can be purchased from an independent insurance company or from the bank that issued the loan. It is important to understand the terms and conditions of loan insurance before purchasing it to ensure that the covers are adequate for the needs of the borrower.
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