Credit Life Policy
Protect financial institutions from loan defaults
Secure Your Lending Business
Wingra's Credit Life Insurance is designed to protect financial institutions, SACCOs, microfinance lenders, and hire purchase companies from loan defaults due to unforeseen circumstances affecting borrowers. This cover ensures that outstanding debts are settled in the event of death, disability, or job loss, safeguarding both lenders and borrowers' families from financial distress.
Key Benefits of Wingra Credit Life Insurance
Our credit life insurance offers several advantages for lenders and borrowers
Ensures outstanding loans are fully settled in case of the borrower's death, disability, or job loss.
Prevents dependents from inheriting debt burdens, providing peace of mind for borrowers and their families.
Reduces the risk of loan defaults, safeguarding financial institutions and maintaining healthy loan portfolios.
Coverage can be tailored to match loan terms, amounts, and borrower profiles, ensuring optimal protection.
Quick claim settlements to support lenders and beneficiaries without delays, ensuring smooth financial transitions.
Who Can Benefit from Wingra's Credit Life Insurance?
Our credit life insurance is designed for various financial institutions
Covering personal, business, and asset financing loans to protect lending portfolios.
Offering credit life protection as an added benefit for members, enhancing financial security.
Protecting installment-based purchases from unpaid balances due to borrower incapacity.
Ensuring continuity in mortgage repayments and protecting long-term property investments.
Protect Your Lending Business Today
Contact us to discuss your credit life insurance needs and get a personalized quote.