In the event of the policyholder's death, the insurance coverage will pay back the outstanding principal loan balance as per the original instalment schedule, along with the associated interest for the month in which the policyholder passed away. However, it's important to note that any late payments, penalties, service charges, or additional interest, will not fall under this coverage.
Key Benefits
Principal loan balance payable in case of disability, illness or death
Funeral benefit
Retrenchment benefit
