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Insurable risks

Insurable risks

Credit Life DRIVE

This product line removes anxiety by securing auto financing customer liabilities (loans and leases). It means you can plan for any unforeseen circumstances during the lifetime of the loan with no risk to the agreed repayment schedule.

Credit Life DRIVE is specially designed for auto financing and includes the following options for payment protection for employees, public service workers and the self-employed

Death cover

  • Protects the family of the borrower/lessee in the event of his/her death

Life cover

  • Protects the borrower/lessee and his/her family in the event of his/her death, incapacity to work/physical debilitation or unemploymen

Each individual product can be tailored to the finance provider’s circumstances and can include additional services, e.g. driver disability or vehicle breakdown. Credit Life DRIVE payment protection insurance offers Credit Life International partners these special advantages:

  • competitive edge through innovative product design
  • improved customer profitability
  • manageable repayment amounts for customers