| Topic : Trade credit risk insurance |
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Posted in Community :
Actuarial Services
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Activity:
Question posted: 05 28 2008 01:57:25 +0000,
2 answers, 342 views, last activity
07 06 2010 20:18:08 +0000
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What are the pros and cons credit insurance
2 Answers for "Credit Insurance - Pros and Cons"
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Not Rated
It is definitely a product line that has to be pursed aggressively since that goes a long way in
1. reducing delinquency levels of the clients
2. Helps in striking an emotional chord with the client as the client perceives the Insurance cover as cover for his asset brought through a credit
3. Facilitates the process of prudent lending
Not Rated
Credit Insurance (Mortgage Protection Insurance) is also sold quite aggressively by local banks, generally providing five years repayment coverage and a death benefit to discharge or reduce the loan. Recently a number of life offices have started promoting basic life and disability policies linked to mortgage events, on a group underwriting basis (ie. limited medical underwriting if cover is applied for at the time of mortgage application, in order to reduce negative selection risks).
Prev1NextShowing 1 - 2 of 2
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