For most of us taking out a loan is the only way we can meet our short, medium and long-term goals. The Madison Flex Loan Policy ensures that your loan is repaid in the event of death or disability.
Some of the benefits include:-
- The policy covers the principal loan amount.
- Covers the loan on reducing basis in which case the company is liable to pay only the outstanding loan balance.
- Total and Permanent disability benefit.
- Policy covers both short term and long term loans (1-25 years).
- Policy offers cash value at maturity for policies of 5 years and above.
- Additional benefits including Funeral benefit for the Life assured and his Family may be include at minimal additional costs.
