British-American Credit Life Insurance takes care of any outstanding debt the policy holder may leave behind. We insure the loanee against death and disability where in the event of one’s death, British-American pays out the outstanding capital on a short or long term debt (such as on a car or home) to your loan provider who may be a financial institution, Sacco or Company.

It Is a decreasing sum assured product which means that the pay out amount decreases in direct correlation to the repayment you make on your loan. Its valid for the whole loan contract period or outstanding period (if you start the life policy after you took your loan) or until a disablement or death, claim is made and paid out.