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Car Insurance

Product Description

Credit insurance is protection provided by an Insurance Company to a Bank/Financial Institution against the risk of the Debtor’s failure to repay credit facilities or cash loans such as working capital loans, trade credits and others provided by the Bank/Financial Financing Institution.


Risk Covered

Car Insurance provides two types of coverage, namely:



  • Covers total or partial loss and/or damage to motor vehicles;
  • Guarantee the Insured’s legal liability for losses suffered by third parties which are directly caused by motorized vehicles.


Total Loss

  • Covers any loss of motor vehicle if repair costs exceed 75% of market value or are lost due to theft.



  • individuals
  • companies that own operational vehicles
  • taxi companies
  • motor vehicle fleets