Loan Protection Insurance
Loan protection insurance is designed to help policyholders, the financial institution, by providing financial support in time of need. Whether the need tis due to disability or death by covering these 3 sections.
- Death, loss of body parts / eyesight and total disability caused by an accident
- Loss of body parts / eyesight and total disability caused by sickness.
- Death caused by 5 critical illnesses.
Suitable for:
Financial Institution
Subject matter of insurance:
The loan
Coverage
Category 1: Death, loss of body parts / eyesight and total disability caused by an accident.
- Insured's death within 180 days caused by an accident
- Insured's total and permanent disability within 180 days caused by an accident
- Loss of a pair of hands, feet or eyesight
Category2: Loss of body parts / eyesight and total disability caused by a sickness within 180 days since the first of doctor's decision.
- Insured's total and permanent disability or total blindness for both eyesight.
- Loss of a pair of hands or feet by getting a wrist or ankle cut.
- Total blindness only 1 eyesight with incurability and loss of one hand or foot by getting a wrist or ankle cut.
Category3: Critical illness.
- Cerebrovascular Disease / Stroke
- Ischemic Heart Disease
- Coma
- Respiratory Failure
- Brain Death
Length of coverage
1 Year
Remark
A person suffering from or has had a prior serious illnesses such as heart disease, hypertension, liver disease, diabetes, epilepsy, Aids or HIV, blood disease, cerebropathy, cancer, lung disease, osteopathy and gastrointestinal disease are not eligible.
*The above statements are only a summary of important information. For additional details, please contact Viriyah Insurance Public Company Limited or your insurance agents.