bolttech will handle distribution and claims services across the lender’s retail network.

Staff Reporter

, Philippines

/Anthony Young from Unsplash

bolttech will grip distribution and claims services crossed nan lender’s unit network.

SB Finance has collaborated pinch bolttech and MAAGAP Insurance Inc. to motorboat a bundled loss-of-employment protection characteristic for motorcycle indebtedness customers.

The inaugural enhances SB Finance’s MotorsikLOAN programme by embedding security screen designed to thief borrowers support repayments successful lawsuit of occupation loss, accidents aliases illness. 

MAAGAP said it is nan only insurer successful nan Philippines authorised by nan Insurance Commission to connection involuntary loss-of-employment security for conscionable and lawful causes.

Under nan partnership, SB Finance will see mandatory loss-of-employment protection pinch each motorcycle loans issued done its unit network, whilst bolttech will supply distribution and claims services for nan programme.

The enhanced MotorsikLOAN package covers 1 period of indebtedness instalment if a borrower becomes involuntarily unemployed, provided nan customer has been employed for astatine slightest six months. 

It besides includes accidental decease and disablement screen for decease aliases imperishable disablement owed to accidents, and a regular infirmary allowance of $8.63( P500) for hospitalisation caused by mishap aliases sickness. 

Customers besides person entree to teleconsultation services for aesculapian proposal pursuing accidents.
 

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