Life Insurance - Group Loan Protection Scheme

This product insures all personal loans, car loans and other loans provided by an Employer or an Organisation to their employees/members

Here's what you can expect

Features

  • The Sum Insured in respect of a life assured is the amount equivalent to the sum total of the capital loan outstanding within the repayment term.
  • Premium is fixed and calculated on the initial amount of loan.
  • Insurance is applicable for loan duration of not more than 7 years. Minimum age is 18 yrs and maximum age 65
  • Maximum Sum Assured is Rs 2 M
  • Cover ends on repayment of loan or reimbursement in case of anticipated repayment
  • Cover provided on Death or Total Permanent Disablement

 

(Terms and conditions apply)

Request more information

By filling in this form, you agree that you have read and understood SICOM Group's Terms of Use & Privacy Policy , which describes how we collect, use, store and disclose your personal data, and you consent to such collection, use, storage and disclosure.

This product is offered by
State Insurance Company Of Mauritius Ltd
BRN: C07007065
FSC License No.: IS10000020

Useful info

  • Benefits

  • The capital loan outstanding as at date of death or total and permanent disablement is payable to the Employer or Organisation

 

  • No benefit is payable on withdrawal from Scheme
  • Eligibility

Any company or any group association

  • Required documents

Option Form or membership form filled by member/employee with details on Loans amount, Date of birth and Gender.

Need more help?

Call Us on:

203 8400

Mail Us at:

rajesh.choony@sicom.intnet.mu