Death and Disability Insurance (ADI) represents crucial security for the borrower and their loved ones. In the event of death or permanent disability, this insurance covers the repayment of the loan balance, thus alleviating the financial burden that could weigh on the family in these difficult times. It provides peace of mind by ensuring that the debt incurred does not become an additional financial burden in tragic circumstances.
Job Loss insurance offers protection in times of professional uncertainty. In the event of involuntary unemployment, it intervenes by covering the monthly loan payments for a predetermined period. This gives the borrower a financial buffer period, allowing a smoother transition to new professional opportunities without compromising financial stability.
Critical Illness insurance provides financial security in the event of diagnosis of a serious illness stipulated in the contract. By offering a lump sum payment or covering monthly loan payments, it aims to alleviate the financial pressures associated with medical costs and loss of income resulting from serious illness. It is a lifeline that allows the borrower to focus on recovery without worrying about the immediate financial implications.
Permanent Total Disability insurance covers permanent incapacity to work. It guarantees repayment of the loan balance, providing crucial financial protection to the borrower and their family. This insurance provides peace of mind by ensuring that, even if you are unable to earn an income, financial commitments are taken care of.
Total Temporary Disability insurance is a lifeline in the event of temporary incapacity resulting from illness or injury. By covering the monthly loan payments during this period, it provides a financial safety net, allowing the borrower to recover without experiencing the financial pressures associated with being temporarily unable to work.
Partial Unemployment insurance intervenes during periods of reduced working hours or partial unemployment. It covers a portion of the loan payments, providing financial support during these periods of professional transition. This insurance is designed to help the borrower maintain financial stability even when their income is partially affected by difficult economic circumstances.