Skip to Content

Group Credit Life

Group Credit Life

The MSV Group Credit Life Plan is an annually renewable group life insurance protection plan for banks, financial institutions and finance companies offering small personal loans, credit cards, hire purchase and consumer credits. In the event that the customer dies, the loan or outstanding balance is paid off and the payment is made directly to the bank, financial institution or finance company as a tax-free lump sum payment.

Customers benefit from peace of mind of having life insurance that will automatically pay off any loan or outstanding balance in the event of death.

Back to top