Insurance

UAP Old Mutual Credit: Life Insurance

Posted 4 months ago

Description

Get multiple Credit Life Insurance for all your institutional loans such as business, school fees, normal, emergency, construction, and agricultural loans among others. This cover caters to the failure of your members/clients to finish paying their loans in case they die, become permanently disabled, suffer a critical illness or loss of income/employment through retrenchment. Credit Life Insurance is the best solution to stop you from worrying and start doing business.

Contacts

Email: uapuganda@uap-group.com or CallCentreUIC@uap-group.com Tel: +256 414 332700 or Toll free line: 0800132700

ADDITIONAL FMC INFO

What's in it for you? We let you choose when you would like your cover to start Our policy does not have an excess or deductible on accidental/occupational benefits We offer free financial member education and awareness Burial Expense Subsidy How does it work? The basis of the cover includes: Death/Disability: When a member/client passes on or becomes disabled such that they cannot service their loan, our cover comes in and covers the remaining loan amount. Critical illness: When a member /client is diagnosed with a critical illness e.g. heart attack such that they become unable to continue servicing their loan, we pay the outstanding loan amount. Retrenchment: When a member/client loses their job through retrenchment, our cover comes into service the loan by making monthly installments. Catastrophe extension: This relates to insurance against an event or a series of interrelated events causing loss or damage to goods of trade affecting three or more persons within the same location at the same time. Such event includes fire, floods, storms, and other natural calamities as covered. Note: Our group Credit Life Insurance cover comes with a grief and bereavement counselling package.