Sri Sudha Co-operative Bank Ltd. offers Insurance Coverage on Loans to provide financial security and peace of mind to borrowers and their families. In the unfortunate event of the borrower’s demise, this facility ensures that the outstanding loan amount is settled through the insurance coverage, thereby protecting the family from financial burden.
Key Features
► Financial Protection: Outstanding loan liability is covered by the insurance policy in case of the borrower's death.
► Family Security: Helps safeguard the borrower's family from repayment stress during difficult times.
► Affordable Premiums: Insurance coverage is offered at economical premium rates.
► Simple Process: Easy enrollment at the time of loan sanction or during the loan period (as per bank rules).
► Wide Coverage: Applicable for various loan types as per bank policies.
Benefits to Borrowers
1. Ensures peace of mind throughout the loan tenure.
2. Eliminates the risk of loan burden transferring to family members.
3. Strengthens financial stability for the dependents.
Note
Insurance coverage is offered as per bank rules and the policies of the insurance company partnered with Sri Sudha Co-operative Bank Ltd. Terms and conditions apply.
