Serendib Kapear (Credit Life)
Product “Serendib Kapear” is designed to cover the repayment of the outstanding principal (as per attached repayment schedule) in the event of the Death/Total Permanent Disability due to accident or non-accident of the policy owner(s). The basic features of the policy would be as follow:
| Life assured | Borrower and/or Co-borrowers or Group Borrower Database of the financial institutions' partners |
| Policy Issuance | Individual or Group basis |
| Beneficiary | A third party of a contract that has been determined as having legal rights in receiving any benefits. |
| Sum-Assured |
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Settlement of Outstanding Principal |
| Policy Term * | Up to 12 months (Annually renewable) |
