Accident, Sickness and Unemployment cover provides the insured with protection for the aforementioned perils against their contractual committed monthly repayments as specified in their agreement covering an unsecurred loan, personal loan, mortgage, finance or leasing contract, utility bill, credit card or affinity or group membership payment.
The cover can either be designed to protect the customer or the party who assumes the liability in the event of a customer non-payment trigerred by one of the aforementioned perils.
As such the cover can either be structured as insurance or waiver.
We can structure programs accordingly, after assessing regulatory and compliance issues relating not only to the product offering but also the mode of distribution and the geographic location of where the insured risk will be domiciled.
For further information please contact us.