This product has been designed as a result of the growing need of individuals to raise funds/capital for small and medium scale business ventures as well as other personal needs from the banks and other financial institutions in The Gambia.

How does the Royal Credit life / Bancassurance policy work?

The Royal Credit/Bancassurance Life Policy makes provision for the payment of loan outstanding to the lender upon death or disability or involuntary retrenchment of the borrower/ debtor during currency of the loan period, provided that the policy is still in-force.

Who Can the Plan Cover?  

  • Individual debtors / Borrowers from 18 to 60 years.

 How Do I Get Cover?

  • A Payment of Single premium or monthly, quarterly, bi-annually or annually as convenient for the proposer/assured

What Are My Benefits?

  • Collateral security for loan(s)
  • It guarantees the repayment of the outstanding loan amount resultant to the inability of the borrower to make repayment due to death, permanent disability, critical illness or loss of job.
  • The family of the borrower is protected from the burden of repaying the outstanding loan amount upon the untimely demise of the borrower.

Can I Afford It?

  • Premiums are highly affordable and competitive

Why Choose Us?

  • We’re here to support you by providing quality insurance products, excellent services and assuring financial stability and longevity.

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