Kapital Bank, the
country’s first bank, is introducing a new product, "Credit life insurance” for
its customers taking out loans. This widely successful practice in many
countries aims to provide insurance coverage against death and other additional
risks for individuals who have taken consumer loans.The "Credit life insurance”
product ensures that the borrower’s death or disability caused by illness or
accident, their outstanding loan will be covered by the insurance company.
With this new
service, Kapital Bank aims to not only reduce the financial burden on customers
and their families but also offer them additional financial support in the face
of unforeseen circumstances. This service will also contribute to the growth of
personal banking.
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