The Group mortgage Insurance schemes are designed to provide protection to the banks/Company’s borrower against the death of such persons who have procured Mortgage loans under the banks/Company’s Mortgage Loan Scheme. Upon the death of an insured NJI LIFE will pay to the bank/Company the outstanding loan amount.

NJI life Loan Protection Insurance Scheme is designed specifically for Banks/ Financial Institutions who are providing Personal Loan, Running Finance. This scheme provides coverage for insured in case of Death or Permanent Total Disability against the outstanding loan balance where NJI Life will pay the amount covered to the bank/ financial institutions.

This scheme is designed for the depositors/ Account Holders of the bank. In case of death of a depositor/ Account Holders, NJI LIFE will pay the amount equivalent or twice the account balance to the account holder of the bank. This scheme can be utilized by the bank as the customer loyalty program.

Credit Shield is a Scheme designed to financially aid the cardholder of the bank. NJI Life will take care of the balance of the cardholder and pay to the bank his/her outstanding balance in case of his death/permanent total disability, for this convenience the cardholder will pay a premium every month which will be deducted at the closing amount on the monthly payment. Available exclusively to all basic card members of the bank under 60 years of age, cover will continue up to 65 years of age.

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