An unfortunate incident like death not only creates a vacuum a person leaves behind but also causes immense emotional and financial trauma to the near and dear ones. It dents the financial stability and earnings of the near and dear ones. To provide peace of mind to the borrower and his family and equip them to cope better with a tragic event like death; Lenbor has tied up with HDFC Life Insurance for the HDFC Life Group Credit Protect Plus Life Insurance cover, available at affordable premium.

The Benefits of the insurance cover are:

  • Accidental death- In case of a tragic loss, we provide for financial support by paying the sum insured to the nominee
  • Critical Life Option 1- Death benefit + Accelerated Critical Illness (with the CI benefit term equal to main benefit term or 5 years whichever is lower).

Lenbor encourages borrowers to read and understand the offer documents carefully before applying for the insurance policy. Portfolio managers will be happy to assist with more details.