Newly-formed insurance company, Phongsavanh Insurance(APA) Co Ltd, together with the Agricultural Promotion Bank(APB) officially launched a new sales product, credit life 15/February/2018.
It is a product to cover 100 percent of loan througthout the term and insurer will pay in the event of death by accident or to ensure that policyholder’s debts are fully paid in the event the policyholder dies. the protects the family from losing life savings or property.
As of now, APA has launched it’s credit life product which is bundled with credit loans to guarantee the credit given by the bank and protect against any loss that might occur for the bank and customer.