Protect Your Loan, Protect Your Future.
Secure your loved ones and safeguard your financial commitments — even when life surprises you.
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About Credit Life Insurance
Credit Life Insurance ensures that your outstanding loan balance is paid off if something unexpected happens to you. Whether due to death, critical illness, or permanent disability, this coverage shields your family from the burden of repaying your debt.
Key Benefits
- Loan balance paid off in full upon claim event.
- Peace of mind for your loved ones.
- Quick claims process and dedicated support.
- Affordable premium — starting as low as 0.65% of loan amount.
Pricing Snapshot
Premium Rate: 0.65% of the loan principal.
Eligibility: Active loan customers of Grants MFB.
How It Works
- Sign up easily when taking your loan at Grants MFB.
- Pay once — premium is embedded in your loan offer.
- Rest easy — your family is protected if the unexpected happens.
Frequently Asked Questions
Who can apply for Credit Life Insurance?
All individuals taking a loan facility with Grants MFB are automatically eligible for Credit Life coverage.
What happens if I pay off my loan early?
Once the loan is fully repaid, your Credit Life Insurance naturally expires alongside the loan agreement.
Does Credit Life Insurance cover partial disability?
No, it covers total permanent disability, critical illness, or death only.
Get Covered Now
Secure your loan and protect your family with Grants MFB Credit Life Insurance.