Group Credit Life Assurance Policy 

Protect Your Loan Portfolio with Confidence

Book A Call

ICEA LION Group Credit Life Assurance Policy 

It’s a simple and reliable insurance cover that protects lenders, banks, SACCOs and finance companies when a borrower passes away, becomes disabled, or loses their job. If this happens, we step in and pay the outstanding loan balance, so your institution stays protected. 
It’s ideal for short-term loans (up to 6 years) and open-ended facilities like overdrafts and credit cards. For long-term or high-value loans such as mortgages, we offer a separate Group Mortgage Protection Policy. 

  1. Strong financial protection
    You’re covered by a trusted, highly rated, triple AAA life insurer, ensuring your loan book stays secure, even with high-value loans.
  2. Simple and seamless administration
    No need to assess each borrower individually. One group policy covers your entire loan portfolio, saving you time and administrative costs.
  3. Lower default risk
    Whether it’s death, disability, or job loss, the loan is settled. This improves your risk profile and can help reduce capital requirements.
  4. Adds value to your loan products
    Including credit life insurance makes your loans more attractive, offering peace of mind to borrowers and their families, helping you stand out in a competitive market.
  5. Wide and flexible cover options
    Enhance your policy with additional benefits such as critical illness, funeral expenses, loss of employment cover, or profit sharing.
  6. Free Cover Limit
    Most borrowers are covered up to a set limit, no medical tests needed.
  7. Joint life cover available
    We can cover spouses under one policy, or provide joint cover for business loans issued to partnerships and companies.

Pricing depends on your borrower list. We’ll need basic details like dates of birth and loan amounts to give you an accurate quote.

Have Questions?Let's Talk!

Renew Policy Contact Us +254 719 071 999

Related Products