Credit Life Assurance
for employeesCover any outstanding debt
should anything happen.

What is Credit Assurance?

If an individual should die unexpectedly, become disabled (permanently or temporarily) or be retrenched, he or she may have an outstanding loan that needs to be repaid. Taking out credit assurance protects the borrower and lender against such eventualities by paying the balance of the outstanding loan, or covering the instalments payable in respect of the loan for a specified period (for temporary conditions).
What's in it for you?
  • Borrowers can obtain credit more easily, as the credit institution does not have to bear the risk in the event of the borrower dying, becoming disabled or retrenched
  • The estate of the borrower remains intact in the event of death, disability or retrenchment of the income earner
  • The benefit is paid directly to the credit institution, providing greater security
  • Security of the Old Mutual brand

Credit Assurance img leftAdd on optional products

A range of optional products can be selected, including:

  • Permanent disability cover
  • Temporary disability instalment cover
  • Critical illness cover
  • Cover is normally defined as either the outstanding or original value of the loan, and in the case of temporary disability or retrenchment, the instalment due under the loan arrangement
  • If cover is chosen equal to the outstanding loan, the premium will decrease over time
Credit Assurance img rightGot more questions about Credit Assurance?You've come to the right place.

    If you require more information or would like to discuss your company's requirements, please contact one of our Corporate Consultants:

    Justina Hamupembe
    +264 (0) 819561118
    Email Justina

    Andreas Shipanga
    +264 (0)81 956 1122
    Email Andreas

    Fabio Do Rego
    +264 (0)81 956 1201
    Email Fabio

    A customised package, developed by the Old Mutual CreditLife team, enhances the credit institution's product offering