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Overview
Commercial Credit Life Insurance covers you and your loved ones against possible difficulties and unforeseen circumstances during the loan process and offers you the opportunity to live a life full of confidence.
Features
- Helps ensure business sustainability in the event of the unexpected death or permanent disability of the owner or partner.
- In the event of the death of the policyholder, the insurance company will pay compensation in respect of the financial obligations of the business.
- After collecting the debts of the insured, the bank pays the remaining amount to the legal heirs.
- In the event of disability, compensations are paid to the insured, thus protecting the financial security of the business.
Advantages
- If you pay for yourself, your spouse and your children, the entire premium you pay is deducted from your income tax base at rates ranging from 15% to 40% depending on your tax bracket in the current month, provided that it does not exceed 15% of the wage you earned in the month you paid the premium and the annual amount of the minimum gross wage.
