Credit Life takes care of your loan when you can’t.
When you take out aBayport loan, you take out Credit Life Cover at the same time. If you are retrenched, disabled, pass away or get a dread disease like cancer, the money you still owe on your loan will be paid back to Bayport by the insurance company.
You get this cover when you enter into a valid finance agreement with Bayport, as long as you are turning older than 19 on your next birthday and have not yet turned 60. You are covered from the moment you sign the policy — even if you have not paid a single premium yet.
Once your policy has started running, you must keep up your payments, otherwise you cannot receive your Credit Life Cover benefits.
With Bayport’s insurance products you can rest assured that if life does not go as planned, you are covered.
The Bayport Education Protection Policy is an insurance product in Bayport Uganda and Bayport Tanzania that protects the future education of your children and dependants should you pass away.
Similarly, Bayport Ghana’s funeral cover offers customers a cost-effective way to help their families with funeral expenses.
Bayport loans also come with Credit Life cover. This insurance covers you when you are unable to make your loan repayment.