Alliance Life

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Thursday, 26 Nov 2020

Group Credit Life Business

The Alliance Group Credit Life Insurance covers loans advanced to borrowers. This may be by employers or financial institutions. In case of death or disability of the borrower, the cover pays the outstanding loan at the time of death to the lender thus avoiding the often long recovery procedures or writing off the loans as bad debts. It also provides peace of mind to the beneficiaries of the borrowers as there is no possibility of financial recovery in case of death or disability.

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