What is TM Credit Life

It is a life insurance policy which pays off loan facilities to debtor of a bank, a financial institution or a company in the event of insured death. 

There are two optional benefits of TM Credit Life : 

  • TM Credit Life Level Benefit that provides 100% Sum Assured if Insured died in the Term of Coverage 
  • TM Credit Life Decreasing Benefit that provides a death benefit in the amount of outstanding balance (without arrears)  if Insured died in the Term of Coverage.

Why is this important to you?

  • Provides a death benefit in the amount of outstanding balance (without arrears)

This is suitable if you are

  • A bank or a financial institution or a company which provides loan services.

This is not suitable if you are

  • Companies or institutions who are looking for an investment product 

Key coverage

  • Death Coverage for Level Benefit
  • Death Coverage for Decreasing Benefit
This brief summary is not a policy document. Please read the actual policy documents for important details on coverage, exclusions, limits, conditions and terms.

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Important information

This plan is underwritten by PT Tokio Marine Life Insurance Indonesia. All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the policy contract for the precise terms and conditions of this insurance plan.

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