Bill Protector
With an increasing awareness of the benefits of Credit Life insurance, consumers have started actively purchasing products that offer protection against outstanding loan amounts, mortgages etc.
Now, consumers who see value in protecting their loans and mortgages can also use Alico’s Bill Protector to cover expenses such as rental payments, school tuition expenses or even utility bills (gas, electricity, water etc).
Alico’s Bill Protector is designed to help your customer protect his or her lifestyle and the main features of this product include:
- The ability to customise the product to cover a range of payments that a consumer normally makes on a day-to-day basis such as electricity and water bills, school fees, rent, mobile phone bills, groceries etc
- The ability to create packages with a combination of benefits thereby allowing the customer to choose the one that best suits his or her needs and budget
- The ability to offer high amounts of coverage
- Guaranteed issue - This product can be issued to the customer across the counter with no medical exam or lengthy documentation requirements.
- Affordability – The customer can purchase packages for as low as 90 cents a day and be protected from a wide range of eventualities
Coverage
Our solutions are tailor-made to suit your requirements and can cover the following :
- Death due to any cause
- Permanent Total Disability due to sickness or accident
- Temporary Total Disability due to sickness or accident
- Involuntary Loss Of Employment
- Terminal Illness
- Critical Illness
- In Hospital Cash
Eligibility
Any customer of the bank or financial institution, between the ages of 21 and 64
Medical Requirements
None.
Payment Modes
Premiums can be paid on a monthly basis
Claims
You will enjoy a high level of service, together with efficient claims settlement.
Alico group insurance policies contain certain exclusions, reductions, limitations and terms for keeping them in force. Contact your Alico representative for more information.
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Insure your lifestyle
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Mortgage protection for your home