It is a credit life insurance policy that repays on the death or permanent disability of the borrower the outstanding debt under a particular financing arrangement. The policy is purchased by a borrower. By having this policy, the borrower can ensure that he will not leaving behind debt for his loved ones to handle in the event of his untimely death.
The policy also protects the lender from loss that may result from the borrower’s death or disablement. It is a policy that money lending institutions must have.
Lillian Moyo, PhD, MBA, BA, ACII
Managing Director
She is a seasoned executive with over 23 years of leadership experience in the financial services sector, spanning life insurance, pensions, micro-insurance, donor-funded programs, microfinance, and banking. In her current role as the Managing Director, she provides strategic direction for the life and pension services companies. She holds a Doctor of Business Administration from Exploits University, an MBA, and a Bachelor of Arts in Humanities from the University of Malawi. As a Chartered Insurer (ACII, UK), she has also undertaken advanced professional training in insurance, financial services, public relations, and micro-insurance. Her training includes programs with the Chartered Insurance Institute (UK), London Chamber of Commerce and Industry, and the ILO International Training Centre. She is recognized for her extensive expertise and contribution to the industry.
Lillian Moyo, PhD, MBA, BA, ACII
Managing Director
She is a seasoned executive with over 23 years of leadership experience in the financial services sector, spanning life insurance, pensions, micro-insurance, donor-funded programs, microfinance, and banking. In her current role as the Managing Director, she provides strategic direction for the life and pension services companies. She holds a Doctor of Business Administration from Exploits University, an MBA, and a Bachelor of Arts in Humanities from the University of Malawi. As a Chartered Insurer (ACII, UK), she has also undertaken advanced professional training in insurance, financial services, public relations, and micro-insurance. Her training includes programs with the Chartered Insurance Institute (UK), London Chamber of Commerce and Industry, and the ILO International Training Centre. She is recognized for her extensive expertise and contribution to the industry.