Salary Earners Small Medium Enterprises (SME’s) People who earn an income and can afford to split their premium payments without defaulting.
2% monthly (24% per annum) – inclusive of Admin Fees and Payment processing Fees.
Via our website or from our bank partner portals.
Minimum age is 18 and a maximum of 60 years.
Facility will be disbursed immediately upon successful application and verification of the asset to be insured.
It would be termed as voluntary cancellation of the policy and the policy will be terminated. No premium, no cover.
The Insurance Company issues the Policy Number
A copy of the insurance certificate will be sent to your email address provided during the registration process and you would also get an SMS from NIID.
The Policy is not transferable from the insured to any other person unless the Insurance Company's written consent has been obtained.
No, Insurance Premium Financing is not tied to salary but an actively funded/running account.
Equal monthly repayment of principal and interest.
PaddyCover is operated in partnership with NAICOM approved insurers.