Income protection, Protect the future of the Family
PRODUCT CHARACTERISTICS:
- Insurance 3 times the loan for dead or permanently disabled.
- The procedure to join is simple and fast.
PRODUCT RIGHTS:
During the insurance period, if the Insured unfortunately happens to die or become permanently disabled, the Company will pay the entire sum insured to the customer. (**)
(**) The insurance amount is 3 times higher than the loan at F88 and an increase of 10% per annum from the second year of the policy.
Reference documents:
- Insured: All F88 customers
- Age involved: 18 - 60 years old
- Maximum age covered: 61 years old
- Insurance period: 1-3 years (*)
(*) The insurance period will be greater than or equal to the loan term and will be rounded up to 1 year, 2 years or 3 years ...
PRODUCT RIGHTS:
During the insurance period, if the Insured unfortunately happens to die or become permanently disabled, the Company will pay the entire sum insured to the customer. (**)
(**) The insurance amount is 3 times higher than the loan at F88 and an increase of 10% per annum from the second year of the policy.
Example:
Mr. Nguyen Van A is a customer who borrowed VND 10 million at F88 Company with a 1-year loan term. At the same time, Mr. A also participates in MAP Life's "Family Income Protection Insurance" product with an insured amount of VND 30 million (3 times the loan) to protect financial security against unpredictable risks in life.
When Mr. A accidentally dies or becomes permanently disabled, MAP Life will pay an insured amount of VND 30 million. As such, Mr. A's relatives can both pay for Mr. A's remaining loan at F88 Company and at the same time, can cover unexpected expenses to overcome this difficult period.
