Life insurance

Omo Micro Insurance (Credit Life)

Premium: Credit life insurance premium (upfront): 2.5 % loan amount

Illustrative policy information only. The insurer controls underwriting, issued coverage, premiums, exclusions, and claims.

Policy notice

Coverage, premiums, exclusions, waiting periods, deductibles, and claim decisions are controlled by the issued policy wording. Confirm the current schedule with the insurer.

Policy overview

Cover, eligibility and application

What is covered

Covers the outstanding principal and interest of a loan on the death of the borrower and legal spouse within the loan period; premium of 1.5% - 2.5% is deducted upfront from the total loan amount

Who can be insured

Eligibility and underwriting criteria are not currently published.

What you need

Application requirements are not currently published.

Next step

Request current policy wording and a personalized quote before buying cover.

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Exclusions and restrictions

No exclusion list is published in this catalogue record. Ask for the full policy wording, including waiting periods and claim limits.