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Guaranteed loan paid off between the bank and borrowers in case of unfortunate events happen to the borrowers

What is Manulife Group Credit Life?

Manulife Group Credit Life is part of the Manulife Group Protector product. It is designed to provide loan protection (both new and existing loan) and peace of mind for the Bank and customer (borrower) should the untimely death or total disability occurs before the loan is fully paid off.

 

Why your institution should get this product?

Receive 100% of loan amount

  • Receive claims up to USD 30,000 or 120 million riels for paying off the bank loans on behalf of the borrowers
  • The leftover amount after paying off the bank loan will be given to the borrower or the borrower's immediate family member.

Comprehensive coverage

  • Death
  • Total disability

Protect up to 2 people

  • Borrower
  • Co-borrower

Worldwide coverage

  • No matter where you are, you are covered

Simple and easy application

  • Health check-up is not required

Watch our video to learn more

About this product

  • Eligible for: All banks and microfinance institutions that offer loan services
  • Coverage period: following the loan period.
  • Age eligibility of borrower: 18 years old and above
  • Currency: Khmer Riel and US dollar.
  • Coverage amount: Starting from USD 2,000 or 8 million riels
  • One-time premium: Starting from USD 13 or 52,000 riels
  • Type of loans: Home loan, personal loan, business loan, agriculture loan.
  • The bank can also offer financing option for the borrowers to pay the premium.

Another group protector product

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