Royal Credit Life /BancAssurance Policy
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.
CONTACT US
- Royal Life Assurance Gambia Limited,
- Royal House,
- Fajara Booster Station,
- Kairaba Avenue
- Royal House, Kairaba Avenue
- Fajara Booster Station
- P.O. Box 2605, Serekunda
- KSMD, The Gambia
- Tel: : +220 – 7942332 / 3806332 / 4498737
- E-mail: info@royallifeassurancegm.com
- www.royallifeassurancegm.com