Accidents, illnesses, and diseases can render you temporarily or permanently unable to work, making it impossible for you to make loan payments to support your family.
When you unfortunately lose all of your ability, the Financial Peace of Mind package from GIC will assist you in repaying the loan and providing for your family financially. This package has an insurance payout of up to 500% of the loan value work or perish.
The Financial Security package will offer thorough defense against these risks:
- Pay 40% of the Sum Assured in the event that the borrower's spouse passes away or suffers a total and irreversible disability as a result of an accident.
- In addition, the borrower will receive a hospital stay allowance of up to VND 1,500,000 in the event of death or total permanent disability.
In the event that the borrower is hospitalized for at least seven days due to illness, injury, or accident (waiting periods apply and some diseases are excluded; see the product documentation for more information), payment of monthly installments is due:
*Apply the form of monthly loan repayment
Financial Peace Package has supported compensation in numerous cases, most notably for client Ngo Van Nam, who passed away at 4 p.m. on September 8, 2019, as a result of a common accident. Nam slipped and fell while at his brother Ngo Van Ha's house, where he was doing home repairs. His family rushed him to the emergency room at Da Nang General Hospital, but he had sustained multiple injuries. hurt and passed away. As a result, the Financial Peace Package arrived quickly and paid VND 187,500.
*Customer name has been altered to maintain privacy
