credit life

a crucial offering for both financial institutions and their clients.

At Yes Microinsurance Limited, we understand the importance of safeguarding our clients’ financial well-being, and credit life insurance is a valuable tool in achieving this goal.

Credit life insurance is a specialized form of insurance designed to pay off a borrower’s outstanding debt in the event of their death. It provides peace of mind to both borrowers and lenders by ensuring that debts are covered, even in unforeseen circumstances.

How Does it Benefit Financial Institutions?

Risk Mitigation: Credit life insurance helps mitigate the risk for financial institutions by ensuring that outstanding debts are repaid, regardless of the borrower’s circumstances.
Enhanced Lending Opportunities: Offering credit life insurance can make lending more attractive to clients, potentially increasing loan volumes and revenue streams for financial institutions.
Client Satisfaction: By providing an additional layer of financial protection, financial institutions can enhance client satisfaction and loyalty, fostering long-term relationships.
Compliance and Regulatory Support: Credit life insurance can assist financial institutions in meeting regulatory requirements and ensuring compliance with lending standards.

How Does it Work for Clients?

For clients, credit life insurance offers:

Peace of Mind: Knowing that their outstanding debts will be covered in the event of their death provides peace of mind and financial security for themselves and their loved ones.
Simplified Process: Credit life insurance is typically integrated into the loan application process, making it convenient and straightforward for clients to obtain coverage.
Affordability: The cost of credit life insurance is often reasonable and can be included in the loan payments, making it accessible to a wide range of borrowers.

Features & Benefits

YES Microinsurance protects death, disability, accidental death (funeral expense), and fire damage coverage of the belongings of the borrower for loan protection.

Intended customers

Targeting Microfinance banks, registered financial institutions, and co-operative societies for tailored insurance solutions meeting their specific needs.

Claims

Prompt notification via letters, SMS, calls. Death verified by certificate, community figures; disability by doctor's report. Loan profile needed.

Protect what you love and save up to 3056bf74d0f4c53b522f75f54ccb552ef26eb5be34085259ded154ce3a0543a476

Yes Microinsurance Company has been serving policy holders protecting businesses, mitigating Travel Insurance for added peace of mind.

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Other Services offered

Additional services include Asset protection, and Group Life Protection plan.

personal protection plan

Personal protection plan covers personal bodily injury or death resulting from an accident.

It offers financial protection in case of damage to the home or its contents against various risks such as fire, theft, natural disasters, and liability claims.

Micro Loan Protection Policy covers beyond the basic credit life product so the borrower's beneficiary receives

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945+ Reviews

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Chika Obi

Yes Microinsurance offers peace of mind in a compact package. Affordable, accessible, and reliable protection for life's uncertainties. Highly recommended.

Ngozi Adebayo

Absolutely impressed with Yes Microinsurance! Comprehensive coverage, hassle-free claims. A game-changer for financial security.

info@yesinsurance.com.ng

+234 817 584 8057

ABOUT YES INSURANCE

a crucial offering for both financial institutions and their clients.

How Does it Benefit Financial Institutions?

How Does it Work for Clients?

Features & Benefits

Intended customers

Claims

Protect what you love and save up to 3056bf74d0f4c53b522f75f54ccb552ef26eb5be34085259ded154ce3a0543a476

Other Services offered

personal protection plan

Group Life

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Our Company

Corporate Info

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