Insurance - (Credit Life) - Bancassurance Channel

2 weeks ago


Aluva, Kerala, India ConnectIN Jobs Global Full time

Credit life insurance is a type of life insurance policy designed to pay off a borrower's outstanding debts if the policyholder dies.

It's typically used to ensure you can paydown a large loan like a mortgage or car loan.


The face value of a credit life insurance policy decreases proportionately with the outstanding loan amount as the loan is paid off over time until there is no remaining loan balance.


KEY TAKEAWAYS


Credit life insurance is a specialized type of policy intended to pay off specific outstanding debts in case the borrower dies before the debt is fully repaid.

Credit life policies feature a term that corresponds with the loan maturity.

The death benefit of a credit life insurance policy decrease as the policyholder's debt decreases.

Credit life policies often have less stringent underwriting requirements.

Salary:
From ₹400,000.00 per year

Benefits:

  • Health insurance

Schedule:

  • Day shift

Supplemental pay types:

  • Commission pay

Experience:

  • BFSI: 1 year (preferred)
  • Sales: 1 year (preferred)
Expected Start Date: 13/03/2023

  • Health insurance

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