FAQ: What are the benefits of getting the Credit Group Life Insurance? | CIMB Bank PH

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What are the benefits of getting the Credit Group Life Insurance?

In the event that the insured Personal Loan customer passes away or suffers total and permanent disablement, Pru Life UK will settle all of the customer’s outstanding loan balance in his/her Personal Loan account to CIMB Bank Philippines. If the Group Creditor Life Insurance coverage exceeds the outstanding loan balance, the excess amount will be paid out to the insured customer’s beneficiary(ies).

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