Credit Insurance for your business; The smart choice!

If you’re a businessman, or the owner of a small business, or sole trader being unable to work and earn an income due to any illness or injury, this can cause major devastation to not just the financial position of your business, but also disrupt any loan repayments you may have going on.

Similar to a Mortgage Life Insurance, how it would work would be instead of covering a personal debt, such as a mortgage, your Credit Life Insurance could be used to protect your  business debt.

Dont forget, Credit Life Insurance was tailor-made to accommodate all banks in Seychelles lending unsecured loans, in case of death and Total and Permanent Disability. As a prerequisite, you have to take this plan prior to loan disbursement.

Here’s an example of how it could work:

Let’s say you take out a loan of SCR100,000 for personal use from your bank. Your bank will ask you to insure the value of the loan before disbursing the amount to you. You will then contact us for an insurance to provide coverage on this amount. The premium you will pay is one-off and it covers the entire duration of the loan. In the event of disability, accidental death, dismemberment, and critical illness, your insurance will pay the remainder of your loan amount due to the bank.

Be smart about how you handle your business, and think ahead.

Pay us a visit at our new location in town or call us on 429 5000 or send an email to for more information on our Credit Protection Insurance product.

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