Credit Life
Borrow with Confidence
Namforce Credit Life Cover ensures that your loan obligations are fulfilled in the event you are no longer able to do so, allowing your family to maintain the lifestyle you envisioned without incurring financial strain.
Our Credit Life Plan covers loan repayments in the event of death or permanent disability. Premiums are payable monthly in advance.
Benefits
Death Benefits
The policy guarantees to settle 100% of the outstanding loan for a deceased member.
Total and Permanent Disability
Settles the outstanding loan balance if a member becomes totally and permanently disabled due to an accident.
Critical Illness
Covers the outstanding loan balance if a member is diagnosed with a specified critical illness such as cancer, stroke, or heart attack.
Claims Processing
- Notify within 6 months of death or 3 months of last day able to work
- Download claim form at www.namforce.com.na
- Email to claims@namforce.com.na
Group Cover
This benefit can be offered on a group basis for creditors that would like to insure their loan portfolios against bad debt due to the deaths of debtors before loan settlement.