TBC Insurance Life Insurance guarantees financial welfare for the policyholder’s family by paying the policy’s face value to a named beneficiary in the event of death or a qualifying accident.
It includes compulsory credit-life cover linked to TBC Bank loans, protecting borrowers and their families against the loan burden in the event of death due to natural causes, accident or total permanent disability.
What's good
- Lump-sum payout protects the family financially
- Credit-life cover protects loan repayment
Trade-offs
- Credit-life is tied to TBC Bank loans
- Payout limited to the policy's face value
