Introduction
Future plans can be interrupted if risks strike. Credit security insurance creates peace of mind and is a solid support for the insured, because it always ensures the necessary financial resources against risks to life, health and the ability to repay loans. With this insurance package, borrowers can safely enjoy life with their family.
Covered subjects
- Vietnamese citizens, with full civil act capacity.
- Age from 18 years old to 60 years old at the time of loan and not more than 65 years old at the end of the loan
- The credit institution agrees to approve the loan according to the credit institution’s loan object and at the same time voluntarily transfer the insurance beneficiary rights to the Bank.
- People who do not suffer from epilepsy, mental illness, leprosy, or cancer;
- People who are not disabled or permanently disabled by 50% or more.
Coverage events
- Death, total disability due to accident: Pay the entire insurance amount
- Death, total disability due to illness: Payable at the corresponding percentage multiplied by the insurance amount according to basic insurance benefits
