Advantages of group insurance
The results of the survey carried out by Cardif in 21 countries with 21,000 participants:
- expressed sense of vulnerability to unpredictable life situations
- universal drive for spending
- expressed need to be protected against risks
Creditor protection insurance protects monthly income based on which the insured has been granted a loan, in other words Cardif undertakes to repay the loan in case the loan user becomes unable to do so by him self.
Advantages for the insured:
- Psychological need to be at peace
- Lower price compared to individual insurance policies
- Simple access to insurance