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Safeguarding Loan Repayments With Bharti AXA Life Group Credit Protection Pro

News Desk, News Nation 360 : Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, recently announced the launch of Bharti AXA Life Group Credit Protection Pro, a single premium group credit protection plan that offers customers the opportunity to safeguard their loved ones against a loan liability. This plan is primarily targeted towards borrowers/co-borrowers, namely customers who have taken loans/credit from regulated and other entities such as banks/fi­nancial institutions and other lending agencies providing different types of loans. This plan was designed to provide customers with a comprehensive solution that secures their future by providing financial security to their families against outstanding liabilities from life’s unfortunate and unforeseen circumstances such as Death, Terminal Illness, Accidental Total & Permanent Disability, and Critical Illness. The plan can be offered to various types of loans such as - Home Loan, Mortgage Loan, Education Loan, Loan against Property (LAP), Two-wheeler Loan/Three-wheeler Loan, Car Loan, Credit Card Loan, other auto vehicle loans, Personal Loan, Gold Loan, other consumer loans, Professional Loan, Commercial Vehicle Loan, Commercial Equipment Loan, Business Loan, other Commercial Loan, SME Loan, Agriculture Loan, Farm Equipment Loan, Tractor Loan, Microfinance Loan and any other loan. Speaking on the launch of Bharti AXA Life Group Credit Protection Pro, Parag Raja, Managing Director & Chief Executive Officer, Bharti AXA Life, said that at Bharti AXA Life, they always believe in designing products that further help enhance the experience of their valued customers. Over the last 15 years, they have grown to provide customers with innovative and practical risk solutions. When you go out to buy a new house or a new car, you discover that it is critical to manage the finances and the method one may make payments in manageable instalments. However, one must also consider the consequences of not being able to pay the outstanding sum of the loan if something unforeseen occurs. Bharti AXA Life Group Credit Protection Pro will enable customers to #DoTheSmartThing and purchase their dream home/car, fund children's education, or start their own business with the certainty that their loved ones will be safeguarded from financial liabilities in case of a tragic occurrence.

Report : Anustup Kundu