Personal & Auto Loan Insurance
MetLife Alico is a leading provider of credit insurance products covering short term and unsecured loans, such as personal loans and auto loans. Our international experience combined with our knowledge of the local market gives us the ability to design products that meets your needs AND the needs of your customers.
The following features set our solutions apart from those offered by our competitors :
Our solutions offer insurance cover on loans of up to EGP 1 million for Egypt
Products are competitively priced, making them affordable to your customers - across all your segments
Through us, your customer will have access to the widest networks of hospitals, clinics and doctors in Egypt
We have a robust and efficient application processing system which means that your customer can receive his or her loan disbursal at the earliest
We are the only insurance provider to offer a choice of two types of insurance solutions. They are:
Length of Loan Policy : In this type of policies, the insurance rate is determined on a case to case basis and guaranteed for the entire loan tenor.
Yearly Renewable Term policy : In this type of policies, the insurance rate is usually an average rate and is applied to all insured’s. This rate is reviewed annually depending on the claims experience of the policy
Coverage
Our solutions are tailor-made to suit your requirements and can cover the following :
- Death due to any cause
- Permanent Total Disability due to accident or sickness
- Terminal Illness
Eligibility
Any customer of the bank or financial institution, between the ages of 21 and 65
Medical Requirements
This would be based on the age of the borrower and the amount of cover required
Payment Modes
Premiums can be paid on a monthly basis or as a one-off payment (single premium)
Claims
You will enjoy a high level of service, together with efficient claims settlement process.
MetLife group insurance policies contain certain exclusions, reductions, limitations and terms for keeping them in force. Contact your MetLife representative for more information.
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Insure your lifestyle
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Mortgage protection for your home