This provides death coverage to the business owner or company partners for the duration of the credit up to the credit amount. With Business Life Insurance, you can also secure your business credits.
The insured’s debt to the bank is paid by Katılım Emeklilik if he/she passes away within the insurance term. Thus, the status of being indebted will cease to exist. In addition, after the debt of the insured to the bank is settled, the remaining insurance guarantee, if any, is paid to the beneficiary or legal heirs of the insured.
The insurance amount is the amount of debt in your repayment plan determined in the credit agreement. The guarantee amount specified in the participation certificate is paid by Katılım Emeklilik to the relevant bank branch in the event of death. After the credit debt is settled, the remaining amount, if any, is paid to the beneficiaries of the insured.
Access more detailed information about the product at www.katilimemeklilik.com.tr.