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KCB Bank Now Offers Good Credit Life Insurance

KCB bank is the leading Commercial Bank in Kenya that offers a variety of banking services to the customers. Apart from banking services, the bank also offers other services like Loan lending and insurance covers.

Today this article is going to shed light on one of the insurance cover Offered by the bank which will greatly help to eliminate the risk of loan default in the event of death, reliefs the family financially and enhances convenient administrative and medical Procedures. This service is known as Sacco Credit Life Insurance

Sacco Credit Life Insurance is a service that covers members of a SACCO with outstanding loans against death, total permanent disability, loss of income and critical illness. In the unfortunate event of the death of the member during the term of the policy, the outstanding loan amount would be repaid by the insurance company thus relieving the member’s family of the loan liability and eliminating the risk of loss due to death of the borrower to the SACCO. Insurance acts like an umbrella that covers all the insured emergencies that occurs.

Furthemore, Life insurance on the other hand refers to a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries when the insured dies. The insurance company promises a death benefit in exchange for premiums paid by the policyholder.

For you to acquire this service, you only visit a nearby KCB bank and fill the application form which will take less time to be processed. My reader kindly share, comment and also follow for more goodies.

Source: kcbgroup.com

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Commercial Bank KCB KCB Bank Now Kenya SACCO

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