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Credit 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

  • The debtor does not pay off the credit when the credit is due
  • The debtor is declared insolvent
  • Debtor fled/ disappeared/ the address no longer known
  • There is a credit withdrawal before the credit period ends
  • Other risks agreed between the insured and the insurer as outlined in the Cooperation Agreement or Collective Agreement



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  • Multi finance
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